The Newshound

Soaring petrol and diesel prices push inflation to an 11-month high of 3.5% in a pre-Budget blow to the Chancellor

John Healey, who has promised families 'breathing space' at the Budget on 28 October, blamed Middle East and European conflicts for petrol hitting 169.5p a litre.
John Healey, who has promised families 'breathing space' at the Budget on 28 October, blamed Middle East and European conflicts for petrol hitting 169.5p a litre.
Diesel has not reached 192.5p a litre since July 2022, ONS chief economist Grant Fitzner noted, as September's inflation rate — used to set benefit rises — came in at 3.5%.
Diesel has not reached 192.5p a litre since July 2022, ONS chief economist Grant Fitzner noted, as September's inflation rate — used to set benefit rises — came in at 3.5%.

Diesel rocketed 10.7p a litre to 192.5p in September, its highest since July 2022, as motor fuel costs jumped 30% in a year. Government borrowing also leapt to nearly £25bn last month. The CBI's Martin Sartorius said a Bank of England rate hike from 3.7% is now 'firmly on the table' for November. Healey is due to deliver his first Budget on 28 October.

Shadow Chancellor Andrew Griffith said 'Labour has lost control of the economy.'

Healey blamed 'conflicts in the Middle East and Europe' for the price rises.

RAC figures show average diesel passed 200p a litre this month for the first time ever.

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