The fight against inflation may face a major setback: the Iran war. The Consumer Price Index this week expects prices to rise at a 3.3% annual pace in March, which is an average of six separate forecasts reviewed by CBS News. This would be the highest inflation rate since May 2024 and an increase of about…
The increase in gas prices in the last 48 hours is without precedent. Even in the chaotic early weeks of the Ukraine war in 2022, the price of gas never doubled. But that is exactly what has happened to wholesale methane prices in the UK. And since gas prices are arguably the most important price…
getty images Higher tobacco prices and airfares have pushed Britain’s inflation rate higher for the first time in five months, official data showed. Growth of 3.4% in the year to December was better than expected, with most economists predicting only modest growth. However, analysts do not think this marks the beginning of a longer, upward…
