UK inflation rises by more than expected to 3.5% as war drives up fuel prices
UK consumer price inflation for September climbed to 3.5%, surpassing analysts’ forecasts. The rise was largely attributed to higher fuel costs linked to the ongoing war, which pushed transport and energy prices upward. Economists warned that the upward trend could push the Bank of England’s interest rate above 4% in the coming year, intensifying monetary policy pressures.