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BBC News. (2026, October 21). Surging fuel prices push UK inflation rate to 3.5% ahead of Budget. BBC News. https://www.bbc.co.uk/news/articles/c6gel2xv4493o?at_medium=RSS&at_campaign=rss
BBC News. “Surging fuel prices push UK inflation rate to 3.5% ahead of Budget.” BBC News, 21 Oct. 2026, https://www.bbc.co.uk/news/articles/c6gel2xv4493o?at_medium=RSS&at_campaign=rss.
BBC News. “Surging fuel prices push UK inflation rate to 3.5% ahead of Budget.” BBC News, October 21, 2026. https://www.bbc.co.uk/news/articles/c6gel2xv4493o?at_medium=RSS&at_campaign=rss.
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The UK inflation rate rose to 3.5% in September 2026, up from 3.1% in August, according to figures released by the Office for National Statistics (ONS). This marks the highest rate since October 2025 and exceeds economists' expectations of around 3.4%. The surge was primarily driven by higher fuel prices, with diesel surpassing £2 per litre for the first time ever at the start of September, according to RAC figures. Fuel inflation spiked to 26.5% year-over-year, reflecting ongoing conflicts in Iran and Ukraine that have disrupted global oil supplies. This increase is expected to put pressure on Chancellor John Healey ahead of his upcoming Budget statement next week.