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UK Inflation Rises to Highest in Almost a Year as Iran War Drives Fuel Prices Higher

Motor fuel prices jumped 30% as consumer prices climbed above the Bank of England’s 2% target, raising pressure for a rate increase.

Summary by KTBS
LONDON (AP) — Inflation in the U.K. rose to its highest rate in almost a year as the Iran war continues to ratchet up fuel prices, official figures showed Wednesday, cementing market expectations that the Bank of England will raise…

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Lean Left

Inflation in the United Kingdom rose to its highest level in almost a year, while the war with Iran continues to push fuel prices, official figures showed Wednesday, which strengthens expectations that the Bank of England will raise interest rates next month.

·El Segundo, United States
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  • 50% of the sources lean Left, 50% of the sources are Center
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Fortune broke the news in New York, United States on Wednesday, October 21, 2026.
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