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The Guardian - UK
The Guardian - UK
Business
Heather Stewart Economics editor

UK inflation held at 3% before global energy price hit from Iran war

A price board at a petrol station in Buckinghamshire
Petrol prices have increased significantly since the Iran war began. Photograph: Maureen McLean/Shutterstock

The UK inflation rate held steady at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed price jump.

Official figures showed the consumer prices index remained at the same level as the previous month, in line with economists’ expectations but still well above the government’s 2% target.

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