The UK’s Consumer Price Index (CPI), which measures inflation, rose to 3.59% in September, according to data released by the Office for National Statistics (ONS) on Wednesday morning, October 21. This figure is higher than the 3.1% increase in August and surpasses expectations of 3.4% growth. On a monthly basis, the CPI rose by 0.4% in September, following a 0.3% increase in August.

The core CPI, which excludes food, energy, alcohol, and tobacco prices, rose to 2.8% in September, compared to 2.6% in August, matching expectations.