{"id":544150,"date":"2026-04-22T06:19:09","date_gmt":"2026-04-22T06:19:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/544150\/"},"modified":"2026-04-22T06:19:09","modified_gmt":"2026-04-22T06:19:09","slug":"uk-inflation-rate-rises-to-3-3-in-march-after-iran-war-pushes-up-fuel-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/544150\/","title":{"rendered":"UK inflation rate rises to 3.3% in March after Iran war pushes up fuel prices"},"content":{"rendered":"

A look at what is happening with inflation in the UKpublished at 06:45 BST<\/p>\n

06:45 BST<\/p>\n

\"\"Jennifer Meierhans
Business reporter<\/p>\n

The UK inflation rate was 3% in February. If it rises to 3.3% as experts are forecasting, that would be its highest level since December.<\/p>\n

Although that’s moving further above the Bank of England’s 2% target, it’s still well below the 11.1% high reached in October 2022 after Russia’s full-scale invasion of Ukraine – the highest rate for 40 years.<\/p>\n

\"A<\/p>\n

At the start of the year, the Bank of England predicted inflation would dip below its 2% target in April.<\/p>\n

However, the US-Israel war with Iran has led to a sharp rise in oil and gas prices, while disruption to the Strait of Hormuz shipping corridor could also affect other areas.<\/p>\n

Last month, the Bank of England indicated inflation is likely to rise to as high as 3.5% between July and September.<\/p>\n

At a meeting of the International Monetary Fund in Washington last week, the Bank’s governor told the BBC the world was facing a “very big energy shock” that will push up prices<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A look at what is happening with inflation in the UKpublished at 06:45 BST 06:45 BST Jennifer MeierhansBusiness…\n","protected":false},"author":2,"featured_media":544151,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-544150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/544150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=544150"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/544150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/544151"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=544150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=544150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=544150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}