UK inflation rises to 3.5% in September, exceeding forecasts
Briefing by News4U · First published
UK inflation climbed to 3.5% in September, above the 3.4% forecast, driven by higher fuel prices from the Middle East conflict.
UK inflation rose to 3.5% in September, up from 3.1% in August and above the 3.4% forecast, according to the Office for National Statistics. [1] [2]
The increase follows a surge in fuel prices since the US and Israel’s war on Iran began in February, with diesel exceeding £2 a litre and Brent crude above $100 a barrel. [2]
The Bank of England is expected to raise interest rates in November amid concerns inflation could exceed 4% next year. [1] [2]
Sources
- UK inflation rose more than expected to 3.5% in September
Financial Times · · Summary only
- UK inflation rises by more than expected to 3.5% as war drives up fuel prices
The Guardian Business · · Full text