services inflation

Feature image titled UK CPI April 2026, Energy Cap Meets Iran Premium, showing the headline inflation rate falling to 2.8% while services inflation rose to 4.5%, motor fuel inflation surged to 23%, and the housing services component dropped sharply because of the Ofgem energy price cap cut.

Economics in the News

UK CPI April 2026: The Energy Price Cap Cut Meets the Iran War Premium

UK CPI fell to 2.8% in April 2026, but the headline conceals a sticky services story, surging motor fuel prices,...

May 22, 2026 14 min read