Business4 sources
UK Inflation Rises to 3.5% in September Due to Fuel Price Surge
- UK inflation reached 3.5% in the 12 months to September, up from 3.1% in August.
- The increase was primarily due to surging motor fuel prices, influenced by the conflict in the Middle East.
- Diesel prices exceeded £2 per litre, contributing significantly to the inflation rate.
- The rise in inflation comes ahead of the Chancellor's first budget, scheduled for later this week.
- There are concerns that inflation could exceed 4% in the coming year.
Articles (6)
The Guardian·
UK inflation rises by more than expected to 3.5% as war drives up fuel prices
BBC News·
Inflation and government borrowing highest for a year ahead of next week's Budget
What is happening to UK prices?
CNBC·
UK inflation jumps to 3.5%
Surging fuel prices push UK inflation rate to 3.5% ahead of Budget
The Independent·
UK inflation reaches highest rate in almost a year after fuel surge