UK inflation rises to 3.1% in August, highest in five months
RistoArnaudov
- The UK’s annual inflation rate rose to 3.1% in August 2026, its highest level in five months, from 2.9% in July, in line with market expectations. Monthly consumer prices rose 0.5% in August, up from 0.3% in July, in line with forecasts.
- Transport inflation rose to 4.6% from 3.6%, driven by motor fuel inflation jumping to 23% from 15.5%. Petrol prices increased 9.1 pence per litre to 161.3 pence, while diesel rose 14.2 pence to 181.8 pence.
- Inflation also rose for housing and household services, communication, and recreation and culture, while food inflation held at 1.3%.
- Core CPI inflation was unchanged at 2.6%, with goods inflation rising to 2.7% and services inflation holding at 3.4%.
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