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UK Inflation Holds at 3% Amid Rising Oil Prices

3/25/2026

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Story summary
  • UK inflation stayed at 3% in February 2026, according to the Office for National Statistics.
  • That reading does not yet reflect the Iran conflict, which has driven oil and gas prices higher.
  • Economists expected stability, but the Middle East crisis is likely to push inflation higher later.
  • The Bank of England left interest rates at 3.75%.
  • Chancellor Rachel Reeves is reviewing support for households with higher utility bills.