The UK Office for National Statistics (ONS) announced inflation figures for September.
Accordingly, annual inflation in the country was 3.5 percent in September. Market expectation was that annual inflation in the UK would be 3.4 percent.
Inflation was last at 3.6 percent in October 2025 and then showed a downward trend. Annual inflation was at 3.1 percent in August.
Core inflation, which excludes energy and food prices, was 2.8 percent on an annual basis in September, while services inflation was measured at 3.7 percent. Core inflation was 2.6 percent on an annual basis in August and services inflation was 3.4 percent.
Thus, annual inflation, which reached 3.5 percent in the UK in September, exceeded the levels of 3.4 percent in France and 3.3 percent in Germany.
Monthly inflation in the UK was measured at 0.4 percent in September.
The increase in transportation costs due to the increase in fuel prices created the greatest upward pressure on inflation. The slowdown in price increases in restaurants and hotels partially offset the increase in fuel prices.
In his evaluation of the data, ONS Chief Economist Grant Fitzner stated that inflation accelerated significantly in September, and that rising fuel prices continued to be the main reason for this acceleration, and that fuel prices in the country were at the highest level seen since July 2022.
Due to accelerating inflation, expectations that the Bank of England may increase interest rates at its monetary policy meeting in November are gaining ground.
