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Evening Standard
Evening Standard
Anna Wise

UK inflation steady pre-Iran war but cost-of-living ‘hump’ on horizon

Inflation United Kingdom Iran Bank of England The Bank of England Edward Allenby Deutsche Bank Pantheon Macroeconomics
Official inflation figures for February will be published on Wednesday (Jacob King/PA) - (PA Wire)

UK inflation is expected to have been broadly steady last month but experts warn of another “twist” to the cost-of-living story in the months ahead, as war in the Middle East is set to send energy bills soaring.

The rate of Consumer Prices Index (CPI) inflation has been gradually easing back towards the Bank of England’s 2% target level since last summer.

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