Cost-of-living hump on horizon as war will see energy price rise

UK inflation is expected to have been broadly steady, but experts warn of another “twist” to the cost of living as the Middle East war is set to send energy bills soaring.

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The rate of Consumer Prices Index (CPI) inflation has been gradually easing back towards the Bank of England's 2% target level since last summer. Some analysts are expecting CPI to have held relatively steady in February, or dipped slightly, from the 3% level recorded in January.