Skip to content All News Sport Culture Lifestyle Not pursuing closer ties with Europe would be ‘dereliction of duty,’ says Burnham UK CPI inflation rose to 3.5 per cent in September, up from 3.1 per cent in August, reaching its highest rate in almost a year and exceeding forecasts. Surging petrol and diesel prices were the primary driver of the increase, as conflicts in the Middle East squeezed global oil supplies. Average petrol prices reached 169.5p per litre in September while diesel rose to 192.5p, later surpassing 200p per litre at the start of October.
The unexpected inflation spike increases pressure on Chancellor John Healey to announce cost-of-living support in next week's autumn Budget. Economists warn that the figures put an interest rate hike firmly on the table for the Bank of England's rate-setting meeting in November. In full UK inflation reaches highest rate in almost a year after fuel surge More bulletins Thank you for registering Please refresh the page or navigate to another page on the site to be automatically logged in Please refresh your browser to be logged in
Source: The Independent
