{"id":544275,"date":"2026-04-22T07:58:07","date_gmt":"2026-04-22T07:58:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/544275\/"},"modified":"2026-04-22T07:58:07","modified_gmt":"2026-04-22T07:58:07","slug":"uk-inflation-rate-rises-to-3-3-in-march-after-iran-war-pushes-up-fuel-prices-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/544275\/","title":{"rendered":"UK inflation rate rises to 3.3% in March after Iran war pushes up fuel prices"},"content":{"rendered":"<p>Experts warn today&#8217;s figures are just &#8216;first wave&#8217; of Iran war shockpublished at 08:10 BST<\/p>\n<p>08:10 BST<\/p>\n<p class=\"ssrcss-1l98ssq-Contributor etflsgg2\">Rachel Clun<br \/>Business reporter<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The rise in UK inflation is just the start of the impact of the Iran war on prices, experts are saying.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Adam Deasy, an economist at PwC UK, says fuel prices are the quickest to respond to any oil shock.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201cThis is just the first wave of the energy shock, primarily showing up in higher prices at the pump,\u201d he says.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201cWe are yet to see the knock-on impact of price pressures in downstream or byproducts to oil and gas, such as fertiliser, helium, plastics or metals.\u201d<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ruth Gregory, deputy chief economist at Capital Economics, says the next eight months will be \u201cuncomfortable\u201d for the Bank of England\u2019s monetary policy, with inflation expected to remain above its target rate of 2% for some time.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But with unemployment still high, Gregory expects the Bank to keep interest rates at the current 3.75% level for now.<\/p>\n","protected":false},"excerpt":{"rendered":"Experts warn today&#8217;s figures are just &#8216;first wave&#8217; of Iran war shockpublished at 08:10 BST 08:10 BST Rachel&hellip;\n","protected":false},"author":2,"featured_media":544276,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,50,51,47,52,48],"class_list":["post-544275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/544275","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=544275"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/544275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/544276"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=544275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=544275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=544275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}