UK inflation rises to 3.1% in August, highest in five months, driven by fuel and transport costs

UK CPI inflation rose to 3.1% in August, up from 2.9% in July and its highest level in five months, according to Office for National Statistics figures. The increase was driven mainly by higher fuel and transport costs, including petrol and diesel prices, while core inflation remained at 2.6%. The Bank of England now faces renewed inflation pressure as it weighs its next interest-rate decision.

Detected & updated continuously · Source: Nebula