Inflation & Prices

UK Inflation Hits 3.3% as War Sends Petrol Costs Soaring

WATCH: UK inflation accelerated, druiven by higher fuel costs. Santander Economist Victoria Clarke reacts to the data.Source: Bloomberg

UK inflation accelerated in March, as a surge in energy costs triggered by the Iran war started to hit consumers in the pocket.

The consumer prices index rose 3.3% from a year earlier, up from 3% the previous month, the Office for National Statistics said Wednesday. The figure was in line with the expectation of economists.