5 resultsfor “UK inflation rate April 2023”
UK inflation, as measured by the consumer prices index, [rose to 3.3% in March](https://www.theguardian.com/business/2026/apr/22/uk-inflation-rises-soaring-fuel-prices-iran-war), up from 3% in February. The official inflation rate for April this week is expected to show
April 2023. Economists have warned that UK inflation is on track to rise sharply because of the worsening fallout from the Iran war, with the potential to force the Bank of England to raise interest
rate since June 2022, when inflation in the UK was soaring as a result of Russia’s invasion of Ukraine and the spike in commodity prices. The quarterly survey from the accountancy firm
UK inflation could go as high as 6% in the worst-case scenario. Although inflation has fallen significantly since the October 2022 high, prices have not fallen. They have just been rising less quickly. Inflation
rate in 18 months, Barclays says Households cut back on their spending in April at the fastest pace in 18 months, as the conflict in the Middle East provoked fears of another cost of living