Trump's Middle East conflict threatens to derail UK's progress on inflation, says IPPR (opens in new tab)

Responding to the latest inflation statistics, William Ellis, senior economist at IPPR, said: “Today's CPI figures show that inflation held steady at 3 per cent in February. Before Trump's conflict in the Middle East, inflation was on track to hit the 2 per cent target later this year. That progress is now under serious threat.“Rising oil and gas prices are already feeding through to UK households and businesses — at the pump, on energy bills, and in the prices on the shelf. As long as we are...