UK CPI inflation rose to 3.5 percent in September from 3.1 percent in August, its highest in nearly a year and above the 3.4 percent most economists had expected, according to the Office for National Statistics (ONS). Transport was the biggest contributor, as average petrol and diesel prices hit their highest in four years and diesel reached its highest since July 2022. Airfares, computer games and live events also pushed prices up, partly offset by smaller rises in hotel stays. ONS chief economist Grant Fitzner said the cost of raw materials and factory-gate goods kept rising, driven by higher crude oil and petrol prices.
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GBP/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.33800 |
| Change that session | +0.57% |
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Related news
- UK inflation expected to have accelerated in September after fuel surge
- UK inflation expected to have accelerated in September after fuel surge
- UK inflation expected to have accelerated in September after fuel surge
- UK inflation expected to have accelerated in September after fuel surge
- UK inflation rises to highest rate in almost a year as fuel prices spike
UK Consumer Prices Index (CPI) inflation rose to 3.5% in September from 3.1% in August, above the 3.4% most economists had expected and the highest rate in almost a year. Fuel was the main driver, with motor fuel prices up 30% year on year, including average petrol up 8.2 pence to 169.5 pence per litre and diesel up 10.7 pence to 192.5 pence, the highest since July 2022. According to RAC, average diesel prices passed 200 pence a litre for the first time at the start of this month, while ONS also cited higher airfares as a pressure on prices. The article links the fuel price surge to the Iran war, which has squeezed global oil and gas supplies. Chancellor John Healey said price rises from conflicts in the Middle East and Europe are hitting Britain and other countries, and promised that his Budget next week would maintain fiscal discipline and drive growth.
- UK inflation accelerates to 3 . 5 % in September after fuel surge
UK CPI inflation rose to 3.5% in September from 3.1% in August, the highest since 3.6% in October last year and above the 3.4% most economists had expected. The ONS said transport, particularly motor fuels, was the biggest contributor, with average petrol and diesel prices at their highest in four years and diesel the most expensive since July 2022. Airfares, computer games and live events also pushed prices up, while hotel stays rose by less than a year earlier. Raw material and factory-gate prices kept climbing on higher crude oil and petrol costs, against a backdrop of the Middle East energy shock.
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