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The Independent UK

Business

Anna Wise

Cost of living crisis looms as Iran energy shock threatens UK inflation rebound

Inflation United Kingdom United States Sanjay Raja Iran Bank of England Ofgem Oil

UK inflation likely eased last month, driven by a drop in household energy bills that counteracted rising fuel prices.

However, experts caution that future turbulence looms as the "Iran energy price shock" is yet to fully hit the cost of living.

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