Key Takeaway
Financial markets predict one-in-five chance of quarter-point rise in interest rates when Bank of England decides on ThursdayBusiness live – latest updatesUK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure on British households. Figures from the Office for National Statistics show inflation as measured by the consumer prices index…
Published September 16, 2026 · Category: News
Overview
Financial markets predict one-in-five chance of quarter-point rise in interest rates when Bank of England decides on Thursday
UK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure on British households.
Details
Figures from the Office for National Statistics show inflation as measured by the consumer prices index rose from 2.9% in July to 3.1% in August. The increase, which matched City forecasts, was driven by motor fuel prices rising by almost a quarter.
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Source
Originally published at www.theguardian.com.
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What is "UK inflation rises to 3.1% as motor fuel prices jump by almost a quarter" about?+
Financial markets predict one-in-five chance of quarter-point rise in interest rates when Bank of England decides on ThursdayBusiness live – latest updatesUK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure on British households.Figures from the Office for National Statistics show inflation as measured by the consumer prices index rose from 2.9% in July to 3.1% in August. The increase, which matched City forecasts, was driven by
Who reported this story?+
This story was reported by The Guardian World.