UK inflation hits 3.5%, fueling expectations of interest rate hikes
- 1The UK Office for National Statistics announced that the annual UK consumer inflation rate reached 3.5% through September.
- 2The rise in inflation was driven by a 30% increase in car fuel prices over the year ending in September.
- 3Chancellor John Healey said next week's budget statement will aim to provide relief from the cost of living for businesses and households.
So what's the key point?
Prices in the UK rose by 3.5% over a year. Higher car fuel prices led this increase in inflation.
Source Fortune · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.