Forex
UK Inflation Hits 3.1% Amid Fuel Price Surge
The UK's consumer price index (CPI) has risen to 3.1 percent in August, up from 2.9 percent in July.
The Office for National Statistics (ONS) attributed the increase to transport costs, particularly motor fuel prices.
The average petrol price rose by 9.1 pence per litre between July and August 2026, compared with an increase of 0.3 pence per litre in the same period last year.
The average diesel price increased by 14.2 pence per litre in August 2026, compared to a rise of 0.8 pence per litre in August 2025.