LONDON: The Bank of England has kept its benchmark interest rate unchanged at 3.75 percent, while warning that prolonged conflict in the Middle East and

CPI rose to 3.1% in the year to August, up from 2.9%, driven by motor fuels and airfares. Petrol jumped 9.1 pence a litre, the ONS said.

UK inflation has jumped to 3.1% and a Bank of England ‘hold’ decision on Thursday could be the costlier decision, the CEO of financial advisory giant deVere Group has warned. Inflation in Britain jump...

UK inflation has jumped to 3.1% and a Bank of England ‘hold’ decision on Thursday could be the costlier decision, the CEO of financial advisory giant deVere Group has warned. Inflation in Britain jumped to 3.1% in August, official figures showed on Wednesday, its first reading above 3% since March and well above the Bank of England’s 2% target. The rise was driven largely by a 23% year-on-year surge in motor fuel costs, with petrol prices climbing to their highest level since November 2022 and electricity, gas and other household fuel costs up 6% year on year. Gilt yields fell

UK inflation increased to 3.1% in August as petrol and diesel prices rose, adding further pressure to household budgets and living costs.

Your home is now a premium wellness retreat. The membership fee is your energy bill. Britain's inflation just hit 2.9% and your radiator is a luxury amenity.

UK households faced fresh pressure in July as inflation rose to 2.9 per cent, official figures showed on Wednesday, driven by a 13 per cent rise in the household energy price cap amid the ongoing US-I...

Official figures reveal UK inflation rose to 2.9% in July, the highest since March, driven by surging energy prices linked to the Middle East conflict. The Consumer Prices Index (CPI) increased from 2.6% in June, with energy costs contributing significantly. Ofgem's energy price cap hike pushed average bills up by £221 to £1,862 annually. Core inflation remained at 2.6%, excluding energy and food. Food inflation also faces pressure from extreme weather and droughts in the UK and Europe. CPIH, which includes housing costs, rose to 3.1%. While food inflation fell to 1.3%, sectors like fish and fruit saw sharp price increases. Analysts note the UK's resilience to inflationary pressures despite challenges from energy costs and supply chain disruptions. The Bank of England's target of 2% remains unmet, but interest rate hikes are unlikely due to low unemployment and weak wage growth. Business leaders urge government action to support firms amid rising costs.

via World news | The Guardian — PM’s plan to shield households from more pressure risks being overwhelmed by wider price rises UK inflation rises to 2.9% Business live – latest updates July’s increase in inflation, to 2.9% , is likely to be the first of several, underlining the challenge facing Andy Burnham in shielding consumers from a fresh cost of living squeeze this autumn. Rising energy bills, as an increase in Ofgem’s quarterly price cap came into force, were the main driver of the jump in inflation, from 2.6% in June. T

via World news | The Guardian — Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest updates There is a threat of high inflation coming to the UK, but only from the conflict in the Middle East which could keep oil prices high for much longer than was expected when Donald Trump first began attacking Iran. It is the war that makes the difference between a benign outlook for inflation and one that puts it back on a rising trajectory, top UK central banke

July's 0.9% shop-price inflation is real relief for goods buyers, but promotions, retailer absorption and firmer services make persistence the decisive test.

UK inflation fell to 4.2% in May 2026, offering slight relief. However, forecasters warn interest rates could still increase soon.

The Bank of England held interest rates at 3.75% on June 18 as the US-Iran peace deal eased fears that energy prices would keep pushing inflation higher.

ONS data showed UK CPI inflation unchanged at 2.8% in May 2026, with transport prices rising and food inflation slowing before the Bank of England decision.

Chancellor Rachel Reeves said: "While the war in the Middle East pushes prices up globally, we have got the right economic plan and inflation has held steady."

We kick off the morning with the latest inflation figures. Keep up with the latest below and find out what this means for you.