OECD expects UK inflation rate to rise to 4% this year

```htmlGolden Ten Data reported on March 26 that the OECD forecasts the UK's annual overall inflation rate will rise to 4% this year due to high energy prices. The latest data from February shows the UK's annual overall CPI inflation rate was 3.0%. The war in the Middle East has caused disruptions in energy supply and high oil prices, increasing inflation risks. Lindsay James, an analyst at Quilter, stated in a report: "Unless there is a change in the situation in the near term, resolving the conflict may take months rather than weeks. Even after the conflict ends, energy prices are expected to remain elevated for a considerable period."```