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%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: What factors helped lift inflation in September – and where did prices fall ?
Read the original on lbc.co.uk ↗
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Related tickers and likely impact
GBP/USD
• NeutralRelevance: 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
- 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%.
- 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
- UK inflation expected to have accelerated in September after fuel surge
- UK inflation expected to have accelerated in September after fuel surge
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