UK Inflation Climbs to 3.1% in August as Motor Fuel Costs Rise
Updated
Updated · The Guardian · Sep 16
UK Inflation Climbs to 3.1% in August as Motor Fuel Costs Rise
3 articles · Updated · The Guardian · Sep 16
Summary
3.1% annual CPI inflation in August marked a pickup from 2.9% in July, adding fresh pressure on UK household budgets.
0.5% month-on-month CPI growth was driven by transport costs, with motor fuels the main factor behind the increase, the Office for National Statistics said.
The rise signals renewed price pressure after July’s lower reading, with transport emerging as the key source of the latest acceleration.