UK INFLATION EXPECTED TO HAVE ACCELERATED IN SEPTEMBER AFTER FUEL SURGE

What happened: UK inflation is expected to have accelerated in September, with higher fuel and energy costs pushing up the cost of living, according to economists. Why it matters: The September rate is typically used to set increases for many benefits and is a key part of the pension triple lock. Pantheon economists expect motor fuel, largely diesel, to be a major contributor, and Deutsche Bank's Sanjay Raja cautioned the cost of living is set to rise further with the October Ofgem price cap increase.

UK inflation is expected to have accelerated in September, with higher fuel and energy costs pushing up the cost of living, according to economists.

The September rate is typically used to set increases for many benefits and is a key part of the pension triple lock. Pantheon economists expect motor fuel, largely diesel, to be a major contributor, and Deutsche Bank's Sanjay Raja cautioned the cost of living is set to rise further with the October Ofgem price cap increase.