Iran War Pumps Up Petrol Prices, Sending Inflation to 3.3%
Iran war sends inflation higher; Reckitt sales weaker
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Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories.
Motor fuel prices jumped 8.7% in March, in the largest monthly gain since 2022, when Russia invaded Ukraine. Rising costs at the pump aren’t a huge surprise, given how the Iran war has sent energy prices spiralling. But it’s a huge spike and serves to illustrate just how hard the conflict risks hitting consumer pockets.