UK Inflation Hits Five-Month High Amid Rising Energy Costs

The UK's inflation rate reached a five-month high of 3.1% in August, driven primarily by rising energy costs and higher airfare prices for long-haul journeys.

The Office for National Statistics reported that core inflation, excluding volatile items like food and fuel, held steady at 2.6% for the fourth consecutive month.

This data may provide some relief for the Bank of England as it prepares to make a decision on interest rates later this week.