UK Inflation Rises to 3.5% as Energy Costs Bolster Rate-Hike Case
UK consumer prices rose 3.5% year over year in September. The report said high motor-fuel prices amid the Middle East conflict reinforced expectations for a Bank of England rate hike next month.
UK consumer price inflation accelerated more than expected in September, with the Middle East conflict keeping motor fuel prices elevated and strengthening expectations of a Bank of England rate hike next month. Consumer prices rose 3.5 percent year over year, compared with 3.1 percent…