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UK Inflation Jumps to 3.5% in September as Fuel Prices Surge
Consumer prices rise faster than forecast, driven by Middle East conflict pushing diesel to record highs, complicating Chancellor's first budget.
LONDON — UK inflation accelerated more than expected in September, climbing to 3.5% from 3.1% in August, as the conflict in the Middle East drove fuel prices to record levels, the Office for National Statistics said Tuesday.
Economists had forecast the consumer prices index would rise to 3.4%. The sharper-than-anticipated increase comes a week before Chancellor John Healey delivers his first budget, adding pressure on fiscal planning.
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