Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June
-
Get our breaking news email, free app or daily news podcast
It is rare for economic data to be out of date the moment it is published – and yet that is the case with the February inflation figures out on Wednesday at 11.30am. By 11.31am they had been digested and ignored amid a flurry of “before the full impact of the Iran war” comments.
In February, annual inflation was 3.7%, down slightly from 3.8% in January, with underlying inflation unchanged at 3.3%.