UK inflation rises to 3.5% in September, above forecasts
UK annual inflation rose to 3.5% in the year to September from 3.1% in August, higher than economists expected, with fuel prices a main driver.
UK inflation rose to 3.5% in the year to September, up from 3.1% in August, the Office for National Statistics said. Economists had forecast 3.4%, according to The Guardian.
Both outlets point to fuel prices as the cause. The Guardian reports that the conflict in the Middle East has pushed the cost of diesel to record levels.
The Guardian says the figures are a blow to John Healey, who it describes as chancellor and due to deliver his first budget in a week. It also reports fears that inflation could pass 4% next year.
Reported by
- BBC NewsSurging fuel prices push UK inflation rate to 3.5% ahead of BudgetWed, Oct 21, 2:08 AM EDT
- The GuardianUK inflation rises by more than expected to 3.5% as war drives up fuel pricesWed, Oct 21, 5:54 AM EDT
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