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Related tickers and likely impact
GBP/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.33800 |
| Change that session | +0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Benefit rates and DWP State Pension latest as inflation hits 3 . 5 per cent
UK CPI inflation rose to 3.5% in September from 3.1% in August, its highest in nearly a year and further above the Bank of England's 2% target, though economists had expected 3.4%. Fuel prices were the main driver, with petrol averaging 169.5p a litre after rising 8.2p and fuel up 30% on the year, while airfares also pushed prices higher. Because the September rate typically sets benefit increases and feeds the triple lock, state pensions are widely expected to rise 3.9% next year, lifting the full new state pension to £250.70 a week from £241.30. Chancellor John Healey said conflicts in the Middle East and Europe were driving price rises and promised to maintain fiscal discipline in his Budget next week. Prime Minister Andy Burnham has proposed reforming the triple lock, but changes would not take effect until 2030.
- UK inflation jumps to highest rate in almost a year after fuel prices climb
UK CPI inflation rose to 3.5% in September from 3.1% in August, its highest level since 3.6% in October last year and above the 3.4% most economists had expected. Motor fuel prices were the main driver, soaring 30% year on year, with average petrol up 8.2p to 169.5p per litre, the highest in about four years, and diesel up 10.7p to 192.5p, its highest since July 2022. Fuel costs have climbed as the war with Iran squeezed global oil and gas supplies. Economists say a Bank of England interest rate hike at its November meeting is now 'firmly on the table,' while Chancellor John Healey pledged to do more on living costs in next week's Budget. CPIH rose to 3.6% and RPI to 3.9%.
- What factors helped lift inflation in September – and where did prices fall?
UK inflation rose to 3.5% in September from 3.1% in August, according to Office for National Statistics Consumer Prices Index data. Fuel was the biggest contributor: petrol prices rose 26.5% year on year (up from 20.2% in August), and diesel rose 35.8% (from 27.8%). The article links the acceleration in fuel price inflation to the ongoing Russia-Ukraine conflict and renewed Middle East hostilities, which have disrupted global oil supply. Air fares swung to a 3.9% annual rise from an 8.0% fall in August, and cinema, theatre and concert tickets rose 9.6%, while hotel price inflation eased to 1.2% from 2.7%.
- Cost of living blow for united kingdom households as inflation soars again
UK inflation rose to 3.5% in September from 3.1% in August, according to the Office for National Statistics (ONS). This is the highest since the 3.6% recorded in October last year, and above the 3.4% most economists had expected. Transport costs were the biggest driver, as average petrol and diesel prices hit their highest in four years, with diesel at its most expensive since July 2022. Airfares, computer games and live events also pushed prices up, partly offset by slower growth in hotel prices. ONS chief economist Grant Fitzner said the cost of raw materials and factory-gate goods also kept rising.
- Cost of living blow for united kingdom households as inflation soars again
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.
- UK inflation expected to have accelerated in September after fuel surge
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