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UK Inflation Hits 5-Month High of 3.1% Driven by Fuel Costs
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UK Inflation Hits 5-Month High of 3.1% Driven by Fuel Costs

UK inflation surged to 3.1% in August, the highest in five months, primarily due to soaring petrol and diesel prices. This rise, linked to Middle East conflict impacting oil supplies, moves inflation further from the Bank of England's target. Economists warn of further increases.

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