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Evening Standard

Business

Anna Wise

UK inflation to edge higher if oil prices push up energy costs, experts warn

Inflation Oil United Kingdom Office for National Statistics

People are being urged to shop around for a cheaper energy deal (Alamy/PA) -

UK inflation was higher than expected last month as economists raised concerns that escalating conflict in the Middle East could push up the cost of living.

Experts said that if global oil and gas prices continue to soar then this could drive energy costs higher.

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