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What is happening to UK prices?

What is happening to UK prices?

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Inflation is the increase in the price of something over time. The ONS uses price changes in the basket of goods over the previous 12 months to calculate inflation.The main inflation measure is called the Consumer Prices Index (CPI), external, and the latest figure is published every month. Oil prices initially fell sharply after the deal was announced, but have risen again since the US and Iran resumed attacks in the Strait of Hormuz in July.

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BBC News — Business publishes from United Kingdom and files mainly under business. We currently carry 255 of its stories.

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BBC News — Business · https://www.facebook.com/bbcnews
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Original publisherBBC News — Business
Canonical URLhttps://www.bbc.co.uk/news/articles/c17rgd8e9gjo?at_medium=RSS&at_campaign=rss
Publication timeWed, 16 Sep 2026 09:12:42 GMT
Retrieval time2026-09-16T09:18:41.755Z
Last seen2026-09-16T09:18:41.755Z
Headline sourcePublisher (no WeSearch rewrite)
Excerpt sourcepublisher body
Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
SummaryWeSearch · cerebras-chat (WeSearch summarizer)
Summary source textcontentText
Citation coverageSummary is a WeSearch-generated derivative; primary citation is the original publisher URL.
ClusterNone
Cluster logicNot yet clustered, or no peer story found in the clustering window.
Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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Commercial reuse May the content be reused commercially? Not permitted

Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

What is happening to UK prices?Image source, Getty ImagesPublished14 January 2011Updated 5 minutes agoInflation in the UK rose to 3.1% in the year to August, the highest rate in five months and above the Bank of England's 2% target.The rise was in line with what economists had predicted, driven by higher petrol and diesel prices.Inflation is widely expected to rise again in the coming months. What is inflation? Inflation is the increase in the price of something over time. For example, if a bottle of milk costs £1 but is £1.05 a year later, then annual milk inflation is 5%.How is the UK's inflation rate measured and what does it mean for UK interest rates?The prices of hundreds of everyday items, including food and fuel, are tracked by the Office for National Statistics (ONS).This virtual…

Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Business.

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