A B7 label is pictured on a diesel fuel pump at a BP petrol station in Tunbridge Wells.

A B7 label is pictured on a diesel fuel pump at a BP petrol station in Tunbridge Wells.

BEN STANSALL/AFP via Getty Images/AFP

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BEN STANSALL/AFP via Getty Images/AFP

A new report released yesterday shows inflation is on the rise.

Prices were up 3.7 percent in September over last year, the highest annual rate since May. The rising cost of fuel, specifically diesel, was a major factor in that jump. 

Why are these prices so high? And what does that mean for businesses and for you?

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