Inflation rises to 3.1% after drivers hit by higher petrol and diesel prices

The Office for National Statistics (ONS) reported that Consumer Prices Index (CPI) inflation rose to 3.1% in August, an increase from the 2.9% recorded in July. This rise in inflation indicates that the prices of goods and services are increasing more rapidly than previously. The primary drivers behind this upward trend are the higher costs associated with petrol and diesel prices, which have significantly impacted the overall inflation rate during this period.