7 Hrs
Source:
The Guardian
UK inflation reaches 3.1 percent
UK inflation increased to 3.1% in August, driven primarily by a 23% rise in motor fuel prices. Petrol and diesel prices reached their highest levels since late 2022 amid rising oil prices caused by ongoing conflict in the Middle East. This inflation surge has heightened economic pressures, as the Bank of England considers interest rate decisions amidst market turbulence.
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