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Jack Salmon said the inflationary impact of the Iran War is moving from 0.9 percentage points to an estimated 1.1 percentage points on headline inflation.
Salmon described the situation as having passed the point where the Iran War added 0.9 percentage points, with the effect now approaching 1.1 percentage points.
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Jack Salmon has previously addressed macroeconomic developments, including his projection that UK real GDP growth will reach 1% to 1.2% in 2026. He has also observed that the worker share of output is declining mainly due to residual capital income. These comments add context to Salmon's ongoing analysis of inflation and related economic trends.