[UK Inflation Annual Rate Rises to 3.3% as Impact of Iran Conflict Begins to Emerge] Reported by Jinse Finance, on April 22, data released on Wednesday showed that the UK's March CPI annual inflation rate rose from 3.0% in February to 3.3%, indicating that the Middle East conflict has begun to have an initial impact on prices. Before the US and Israel launched actions against Iran, the Bank of England stated that the UK's inflation rate in April was likely to approach its 2% target level. However, last month, the Bank of England significantly raised its inflation forecast due to the energy price shock, predicting that the inflation rate would rise to around 3.5% by mid-2026. The International Monetary Fund predicted last week that the UK's inflation rate would peak at 4% in the coming months. Nevertheless, most of the Bank of England's rate-setters have indicated that it is still too early to determine what impact the overall rise in inflation will have on underlying price pressures in the economy, as the current labor market situation is unfavorable. This could make it harder for workers to demand higher wages or for businesses to pass on higher costs to consumers. (Dongxin News Agency)