Why are UK prices rising more quickly?
UK inflation rose to 3.3% in the year to March 2026, up from 3% in the previous months and above the Bank of England's 2% target, driven mainly by higher fuel, food, and airfare costs. The ongoing global tensions involving Iran have increased energy prices worldwide, potentially delaying further interest rate cuts and raising the possibility of a rate hike. Although inflation remains below the 11.1% peak seen in 2022, food price pressures and supply chain delays continue to contribute to rising living costs.
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Why are UK prices rising more quickly?Just nowShareSaveAdd as preferred on GoogleGetty ImagesPrices in the UK rose by 3.3% in the year to March, up from the 3% recorded in January and February, and above the Bank of England's 2% target. These were the first official inflation figures since the start of the US-Israel war with Iran, which has put up energy and fuel costs around the world. The Bank moves interest rates up and down to try to keep inflation on track. Six cuts since August 2024 had brought rates down to 3.75%, but the war is expected to delay any further falls, and the next move could be up.What is inflation? Inflation is the increase in the price of something over time.
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