UK consumer inflation climbed to 3.3% in March, up from 3.0% in February, with officials pointing to the Middle East conflict’s first direct price impact. The sharpest pressure came from an 8.7% jump in motor fuel costs, while services inflation also rose to 4.5%, extending concern beyond energy into everyday expenses.
Retail headline inflation has jumped past the 4% target set by India’s Monetary Policy Committee, with CPI rising at its fastest pace since June last year. The MPC aims to keep inflation within a 4–6% band, but an ET View note warns CPI could remain elevated due to statistical factors, complicating the path back to target.
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