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Fresh inflation data released this morning is expected to reveal the economic impact of the US-Iran conflict.
UK
Who
City analysts, Bloomberg, Office for National Statistics, RAC, Bank of England, Ipsos, US, Iran
What
Fresh inflation data released this morning is expected to reveal the economic impact of the US-Iran conflict.
When
Wed, 17 Jun 2026 05:00:00 GMT · 1h 52m ago
Where
UK ·
Why
The conflict in the Middle East led to an energy shock, with Brent crude holding above $110 for extended periods in May and unleaded petrol prices rising to 158.52p.
The Frontline Impact
How this affects you
Inflation is forecast to be three percent for May, up from 2.8 percent, which could prompt the Bank of England to consider an interest rate hike as household inflation expectations hit a record high of 3.9 percent over the next five years.
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