UK inflation has risen to 2.9%, with the war in Iran contributing to higher energy costs. The increase is adding pressure on households already facing elevated food, housing, and transport expenses. Energy prices have climbed as supply concerns grow and markets react to the conflict. The rise could complicate the government’s efforts to control living costs and return inflation to its target. Economists are watching wage growth and interest rates as policymakers assess the outlook for the coming months ahead.
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