U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.
UK inflation jumps to 3.5% — cementing rate hike expectations
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories

Surging fuel prices push UK inflation rate to 3.5% ahead of Budget
Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).

UK inflation jumps to 3.5% on rising motor fuels costs; UK approves Jackdaw gasfield – business live
Petrol and diesel costs rise the most in four years; green light for controversial North Sea gasfield dismays environmental campaigners and a number of Labour MPs The approval of Jackdaw is an “important step” for the North Sea, according to Shell . The UK energy giant jointly owns Jackdaw operator Adura , which is headquartered in Aberdeen, together with Norway’s Equinor . This is an important step in ensuring the UK North Sea can continue to contribute to the country’s energy security and economy. Long-term energy projects depend on a competitive and stable investment environment, alongside timely and predictable regulatory decisions. Continue reading...
AI's spending boom faces a 'gut check': Who can actually make money?
The AI boom is entering a more unforgiving phase, as investors question whether the billions poured into data centers will translate into sustainable profits.
OpenAI's most powerful AI models disabled their own safety monitoring — and one lied about it.
Warnings about the risks of developing increasingly advanced AI systems have ramped up in recent months, amid cyberattacks from rogue AI models.
'MAKE DEALS': Trump says data centers should pay communities a 'dividend' to win support
Trump says data centers should consider community "dividends" as AI financing worries grow.

UK inflation rises by more than expected to 3.5% as war drives up fuel prices
Increase in annual price growth in September comes amid fears rate will breach 4% next year UK inflation climbed by more than expected in September to 3.5% after a surge in prices from the conflict in the Middle East that pushed the cost of diesel above £2 a litre. In a blow to John Healey before his first budget as chancellor in a week’s time, the Office for National Statistics said annual inflation rose from 3.1% in August . Economists had forecast an increase in the consumer prices index to 3.4%. Continue reading...