UK Annual Inflation Jumps to 3.5 Percent
British annual consumer price inflation rose to 3.5 percent in September, reaching its highest level in nearly a year driven by surging energy and fuel costs. The unexpected increase strengthens the case for further interest rate hikes by the Bank of England.
Xurve View
Insights:
Xurve View
United Kingdom annual consumer price inflation jumped to 3.5% in September, exceeding the 3.4% median forecast from a Reuters poll. The figure marked the highest rate since October 2025, driven by surging energy costs. The data increases pressure on the Bank of England to raise interest rates in November.
