Iran War drives British inflation higher and threatens new cost-of-living shock

Filed by Elara Myst

 By Ahmed AdelGlobal Research, August 18, 2026 A sharp rise in energy bills due to the war in Iran is expected to push up inflation, signaling a renewed cost-of-living crisis in the United Kingdom, according to The Guardian. The timing of the latest forecasts comes after a period when inflation had been trending in a more favorable direction.Official data had shown a clearer downward path of the inflation rate earlier in the year, raising hopes that the Bank of England’s 2% target ...