Forex

UK Inflation Hits Five-Month High Amid Fuel Price Surge

Guavy AI Editorial Team Published September 16, 2026

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GBP

UK inflation has reached a five-month high of 3.1% in August, driven by rising fuel prices and airfares.

The data from the Office for National Statistics (ONS) shows that household costs are increasing as the average price of petrol rose by 9.1 pence per litre to an average of 161.3 pence per litre in August.

Cheap oil supplies have been disrupted due to the breakdown of the US-Iran ceasefire, causing fuel prices to increase sharply.

The Wire

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