Petrol and diesel price rises push UK inflation rate up to 3.1%

• The rate of UK inflation rose to 3.1% in the year to August, according to figures from the Office for National Statistics

• Petrol and diesel price rises contribute to the increase, as does the increasing cost of airfares

• Chancellor John Healey says the Middle East war is impacting inflation worldwide but the UK economy is “proving resilient”

• What is inflation? It measures the increase in the price of something over time – the Bank of England has a target of keeping the rate at 2%

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