The UK’s Consumer Price Index (CPI) rose higher than anticipated to 3.5% in the 12 months to September, up from 3.1% the previous month, as fuel prices continue to climb.
CPI also rose 0.4% in September 2026 on a monthly basis, compared with little change in September 2025, according to data from the Office for National Statistics today (21 October). Core CPI, which excludes energy, food, alcohol and tobacco, rose by 2.8% in the 12 months to September 2026, up from 2.6% in August, while the CPI services annual rate rose from 3.4% to 3.7%. Quilter Cheviot head of fixed interest research Richard Carter said: "With a week to go until John Healey's eagerly anticipated first Budget [28 October], inflation figures provide a stark reminder of the UK's difficu...
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