22 Hrs
Source:
The Guardian
UK inflation reaches 3.5% amid rising fuel costs
UK inflation rose to 3.5% in September, driven mainly by higher fuel prices resulting from the conflict in the Middle East. Gas and oil prices surged, causing petrol and diesel costs to reach record levels, which contributed significantly to the inflation increase. Economists expect these rising costs to push inflation above 4% next year, prompting speculation that the Bank of England may raise interest rates in November.
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