UK inflation hits highest level in about a year on fuel prices

UK inflation rose to its highest level in nearly 11 months after a sharp increase in petrol and diesel costs, with the war with Iran among the main drivers. Prices came in higher than expected, increasing the likelihood that the Bank of England will raise interest rates for the first time in more than three years.

AI-written summary of 4 sources; every verified point is backed by a verbatim quote. How Iyan works

• A sharp rise in petrol and diesel costs pushed prices up by more than expected.

  «بعدما أدت زيادة حادة في تكاليف البنزين والديزل إلى ارتفاع الأسعار بأكثر من المتوقع»

  الاقتصادية
• September inflation is expected to raise business rates in England by about £1.1 billion.

  «التضخم في سبتمبر سيرفع ضرائب الأعمال في إنجلترا بنحو 1.1 مليار جنيه إسترليني»

  CoStar
• The sterling-dollar pair fell to around 1.3375 in early Asian trading ahead of the data release.

  «يتراجع زوج الإسترليني والدولار إلى نحو 1.3375 في التداولات الآسيوية المبكرة»

  ar.fxstreet
• The ongoing war with Iran is driving fuel prices higher.

  «Inflation in the U.K. has risen to its highest rate in almost a year as the Iran war continues to drive up fuel prices»

  US News & World Report

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