{"id":935875,"date":"2026-10-21T07:12:24","date_gmt":"2026-10-21T07:12:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/935875\/"},"modified":"2026-10-21T07:12:24","modified_gmt":"2026-10-21T07:12:24","slug":"uk-inflation-rate-rises-to-3-5-after-fuel-prices-surge-follow-live","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/935875\/","title":{"rendered":"UK inflation rate rises to 3.5% after fuel prices surge &#8211; follow live"},"content":{"rendered":"<p>What is inflation and why has it been rising?published at 06:29 BST<\/p>\n<p>06:29 BST<\/p>\n<p>      <img decoding=\"async\" alt=\"A woman pushes a shopping trolley down a supermarket aisle.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/10\/4a50c30c-2fdb-44e0-a7c9-e9cec3be6cac.jpg.webp\"  width=\"4252\" height=\"2392\" class=\"ssrcss-egie1y-Image edrdn950\"\/>Image source, Getty Images<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Inflation is the increase in the price of something over time.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">For example, if a bottle of milk costs \u00a31 but is \u00a31.10 a year later, then annual milk inflation is 10%.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">If it had risen to \u00a31.05 instead, then the inflation rate would be lower, at 5%. That would still have been an increase, but a smaller one. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">When we say the inflation rate has fallen, that often means prices are still rising, just not as quickly.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The prices of hundreds of everyday items and services, including food and fuel, are tracked by the Office for National Statistics (ONS) to produce the Consumer Prices Index (CPI), with the latest figure published monthly.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The recent rise in inflation has mainly been driven by higher fuel prices, which have dramatically increased since the outbreak of the Iran conflict.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">After the US and Israel attacked Iran and its proxies in February, Iran threatened shipping travelling through the Strait of Hormuz, driving up oil transportation costs, including maritime insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"What is inflation and why has it been rising?published at 06:29 BST 06:29 BST Image source, Getty Images&hellip;\n","protected":false},"author":2,"featured_media":935876,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-935875","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/935875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=935875"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/935875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/935876"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=935875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=935875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=935875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}