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Middle East crisis could push UK inflation back up to 3%, says OBR

Government’s economic watchdog believes pressure on energy prices could push rate close to 3% by end of 2026 UK inflation could end the year higher than previously expected at 3% because of the US-Israel war in Iran, the government’s economics watchdog has said. David Miles, a senior figure at the Office for Budget Responsibility (OBR), said inflation could... [4032 chars]

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