U.K. Inflation Could Reach 4% Later in 2026, Oxford Economics -- Market Talk
Dow Jones03-20 20:58
1258 GMT - U.K. inflation is forecast to climb to 4% later in the year, driven by high energy costs from the Middle East war, Oxford Economics' Edward Allenby says in a note. Elevated energy prices are likely to reduce U.K. households' spending power and lead to weaker economic growth, Allenby says. Oxford Economics therefore now projects GDP growth of 0.4% this year and 1% next year, compared to its February baseline of 0.9% in 2026 and 1.3% in 2027, respectively, he says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 08:58 ET (12:58 GMT)
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