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UK inflation rose to 3.5% year on year in September, higher than market expectations, mainly due to a sharp rise in automobile fuel prices. Economists had anticipated 3.4% year-on-year inflation. This data continues the upward trend in UK inflation: 3.1% in August and 2.9% in July. The September reading was the highest year-on-year inflation level in a year.
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UK inflation rose to 3.5% year on year in September, higher than market expectations, mainly due to a sharp rise in automobile fuel prices. Economists had anticipated 3.4% year-on-year inflation. This data continues the upward trend in UK inflation: 3.1% in August and 2.9% in July. The September reading was the highest year-on-year inflation level in a year.
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