Businesses in Britain’s services sector reported the biggest month-on-month jump in costs in March since 2021, driven by higher energy and transportation prices, according to a survey that underscored the inflationary risks from the Iran war.
The S&P Global Purchasing Managers’ Index for the services industry, published this week, dropped to 50.5 from February’s 53.9 – further than the fall to 51.2 initially reported for March and its lowest reading
