UK CPI inflation was 3.1% in August. September's figure comes out on Wednesday 21 October at 7 a.m. Why it matters for pensions and benefits.

UK CPI inflation was 3.1% in August. September's figure comes out on Wednesday 21 October at 7 a.m. Why it matters for pensions and benefits.
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Read Full Article: https://globalbusinessoutlook.com/economy/bank-of-england-keeps-interest-rates-unchanged-warns-of-rising-inflation/
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[Bank of England, UK interest rates, UK inflation]
Bank of England Holds Rate at 3.75% as Middle East War Fuels Inflation Concerns
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UK inflation rose to 3.1%, largely due to fuel costs as oil tops $100 a barrel β½. British households face an expensive winter, highlighting the ongoing squeeze on purchasing power π¬π§. #UKInflation #EnergyPrices #CostOfLiving
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CPI rose to 3.1% in the year to August, up from 2.9%, driven by motor fuels and airfares. Petrol jumped 9.1 pence a litre, the ONS said.
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UK inflation rockets to 3.1 per cent as fuel prices punish households
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UK inflation could be the next big test for the Bank of England.
CPI is expected to rise to 3.1%, while markets are already pricing a potential rate hike as early as November.
The key watch tomorrow: inflation, the MPC vote split, and BoE guidance.