Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

UK Inflation Hits 3.1% Amid Fuel Price Surge

Guavy AI Editorial Team
Instruments
GBP
Share

UK inflation has risen to 3.1% in the year to August, up from 2.9% in July.

The Office for National Statistics attributes this increase primarily to rising transport costs, particularly motor fuels and long-haul airfares.

Average forecourt prices have reached multi-year highs, with petrol averaging 170.54p per litre and diesel at 192.86p.

The Bank of England is set to review its 3.75% interest rate on Thursday, but analysts do not expect an immediate rate hike.

More on Forex

Forex 1m ago

Dollar Retreats Ahead of Anticipated Fed Hike

Forex 1m ago

Dollar Stalls Ahead of Fed Rate Decision Amid Oil Price Plateau

Forex 2m ago

Tunisian Dinar Strengthens Against Euro as Reserves Rebuild

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy