UK inflation rises to 3.5% as fuel prices climb ahead of Budget
Annual UK inflation rose from 3.1% in August to 3.5% in September, with higher petrol and diesel prices contributing to the increase ahead of the Budget.
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Annual UK inflation rose from 3.1% in August to 3.5% in September, with higher petrol and diesel prices contributing to the increase ahead of the Budget.
The rise was smaller than July’s 0.4% increase but beat economists’ forecast of a contraction, as the chancellor prepares a Budget amid pressure on household finances.
The Office for National Statistics raised its April–June growth estimate from 0.4% to 0.5%. A separate Bank of England assessment warned that financial risks have increased...