Rising motor fuel costs pushed UK inflation to a five-month high in August, while separate data showed London house prices falling further below their peak and rents continuing to rise, according to The Guardian.
Higher petrol and diesel costs pushed up the UK's inflation rate in August, according to BBC Business.
Official figures show consumer prices climbed to a five-month high in August, driven by rising motor fuel costs and factory gate prices, as the Bank of England prepares to announce its latest interest rate decision.
The Consumer Prices Index increased from 2.9% in July, driven by higher fuel and energy prices, according to official data cited by the Guardian.
Anadolu Agency reports transport costs, particularly motor fuels, were the main driver behind the increase in Britain's consumer price growth.
The increase, reported by CNBC, comes just hours before the Bank of England is due to announce its latest monetary policy decision.
Office for National Statistics data show consumer price inflation increased in August, driven by soaring motor fuel and transport costs linked to the Iran war, intensifying pressure on households ahead of a Bank of England rate decision.