Topic analysis

Flights, food and fuel: What you need to know about the latest inflation figures

UK inflation has risen to 3.3% largely due to higher fuel prices linked to the war in Ukraine, though analysts expect it could dip below 3% in April before potentially peaking near 4% this year. The Bank of England is likely to hold interest rates steady at its upcoming meeting as it assesses the temporary nature of inflationary pressures, while food prices may see gradual increases due to delayed pass-through of energy and fertilizer costs.