Businesses blamed the US-Israel war with Iran for souring customer demand, pushing up prices and disrupting their global supply chains.
The rise was revealed as officials continue to investigate an arson attack on Jewish community ambulances in north-west London.
The blast comes amid a spike in gas prices driven by uncertainty over the global oil supply because of the Iran war.
Prime Minister Benjamin Netanyahu also said Israel will continue to strike Iran and Lebanon even as the US considers a ceasefire.
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The incident occurred at the same house where four-year-old Tadhg Farrell and his great-aunt Mary Holt were murdered in December 2025.
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