General · 13 April 2026
What Is Trumpflation and How It Hits You
"Trumpflation" — a term coined by the Trades Union Congress (TUC) — describes rising UK inflation driven by the US-Israel war on Iran, which has spiked global energy prices. Current figures show CPI at 3% and CPIH at 3.2%, but experts warn these don't yet reflect the full impact. The Bank of England now forecasts inflation rising to 3.5%, reversing progress toward its 2% target, with think tanks urging government intervention.
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