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UK inflation rises to 3.1%, as motor fuel costs surge – business live

Rolling coverage of the latest economic and financial news

At 3.1% in August, UK inflation is now the highest since March, when CPI hit 3.3%.

ONS chief economist Grant Fitzner says:

“Sharp price rises for petrol and diesel pushed inflation up again in August. Higher airfares, particularly for long-haul journeys, also contributed to the increase.

Continue reading…Rolling coverage of the latest economic and financial newsAt 3.1% in August, UK inflation is now the highest since March, when CPI hit 3.3%.ONS chief economist Grant Fitzner says:“Sharp price rises for petrol and diesel pushed inflation up again in August. Higher airfares, particularly for long-haul journeys, also contributed to the increase. Continue reading…

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