UK consumer prices rose 3.5% in the year to September, up from 3.1% in August, the highest since October last year and above the 3.4% most economists expected. Motor fuel prices jumped 30% year on year, up from 23% in August, as the Iran war and bottlenecks in the Strait of Hormuz squeezed global oil and gas supplies. Economists expect the Bank of England to raise its main rate from 3.75% to 4% at its November 5 meeting. Treasury chief John Healey said next week's budget would aim to ease cost-of-living pressure on businesses and families.
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| Change that session | -0.38% |
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