UK Inflation Climbs to 3.3 Percent as Fuel, Food Costs Rise Amid Iran War

The UK inflation rate remains above that of many European economies.

The skyline of the financial district is seen as people walk through Square Mile in London on Jan. 31, 2023. Leon Neal/Getty Images

UK inflation rose to 3.3 percent in March from 3 percent in February, driven largely by higher fuel and travel costs, according to April 22 data from the Office for National Statistics (ONS), which showed the first effects on prices from the Iran war.

Gasoline prices rose by 8.6 pence (11.4 cents) per liter between February and March, reaching an average of 140.2 pence per liter ($7 per gallon), the highest since August 2024.