The United Kingdom's inflation rate increased to 3.3% in the year to March 2026, up from 3.0% in February.This rise is largely attributed to a significant surge in petrol and diesel prices linked to the ongoing US-Israel war with Iran.The Office for National Statistics (ONS) reported that motor fuel prices rose by 8.7% month-on-month in March, marking the largest monthly increase since June 2022.Over the year to March, fuel prices increased by 4.9%, the highest annual rise since January 2023.In addition to fuel, rising airfares and food prices also contributed to the inflation increase.Food inflation rose from 3.3% to 3.7%,... [Continue Reading]