October 21, 2026
British Pound traded at 1.3387 against USD at 9:00 AM PST
United Kingdom consumer price inflation strengthened in September as the Middle East conflict kept motor fuel prices high. Consumer prices registered an annual growth of 3.5% after rising 3.1% in August. The rate was the highest since last October. Core inflation that excludes energy, food, alcohol, and tobacco accelerated to 2.8% in September and went up from 2.6% in the prior month. The annual increase in goods prices advanced from 2.7% to 3.2%, and services inflation rose from 3.4% to 3.7%. Month-on-month, consumer prices grew 0.4%, slightly slower than the 0.5% rise seen in August.
Output price inflation hit its highest since April 2023 due to the sharp increase in refined petroleum products prices. Factory gate prices were up 4.6%, following a 3.8% rise in August. Monthly, output prices rose 0.8% after rising 0.7% a month ago. Input price inflation also accelerated notably in September, reflecting the surge in crude oil prices. Input prices rose from 6.7% in August to a four-month high of 8.3%. Monthly input prices moved up 1.5%, an increase from 0.5% in the prior month. Average house prices climbed 0.9% in August from last year, down from 1.2% in July. Annual inflation was negative in London, driven by large falls in the average price of flats. 10/21/2026 - 08:18:00 (RTTNews)
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