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Original headline: What factors helped lift inflation in September – and where did prices fall ?
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inflationcost of livingUKpound sterling
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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
- Cost of living crisis deepens as fuel price surge pushes United Kingdom inflation to 10-month high of 3.5%
UK annual inflation rose to 3.5% in September from 3.1% in August, above analysts' expectations of 3.4% and reaching a 10-month high, according to the Office for National Statistics (ONS). The main driver was transport and motor fuel costs, with average diesel prices at their highest since July 2022 amid soaring petrol and diesel prices linked to the US-Iran war. Transport prices rose 6.6% year-on-year, up from 4.6% in August, while services inflation accelerated to 3.7% and core CPI rose to 2.8% from 2.6%. The reading comes a week before the Labour government's 28 October budget and could complicate Bank of England efforts, as the bank is widely expected to consider a rate hike at its 5 November meeting, potentially its first since 2023.
- What factors helped lift inflation in September – and where did prices fall ?
- What factors helped lift inflation in September – and where did prices fall ?
- What factors helped lift inflation in September – and where did prices fall ?
- What factors helped lift inflation in September – and where did prices fall ?
- Britain Retail Slump Deepens After Fuel Costs Rise and Consumer Confidence Suffers Biggest Fall Since COVID
British retail sales volumes fell 0.4% in September, more than the 0.1% decline economists had forecast, according to the Office for National Statistics. Fuel volumes rose 2.2% from August despite higher prices, while clothing and food sales weakened, with retailers blaming warm weather for poor autumn and winter clothing sales. Online sales values fell 0.4% in September but were up 6.8% year on year. The GfK Consumer Confidence Index dropped 11 points to -24 in October, its sharpest monthly fall since April 2020, with expectations for the economy and major purchases also falling; GfK cited inflation, the Middle East conflict and household budget pressures. Major chains such as Tesco, Sainsbury’s, Greggs and Kingfisher have nonetheless raised profit forecasts this year, though they warned of tough trading ahead of Chancellor John Healey’s budget on 28 October.
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