Inflation increased to its highest level since March last month on the back of a jump in petrol prices. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 3.1% in August, from 2.9% in July. Economists have predicted that inflation is likely to keep increasing in the coming months, adding to pressure on households ahead of autumn Budget in October. Here we look at what was behind August's rise in inflation and what households can expect over the months ahead. Inflation is the term used to describe the rising price of goods and services. The inflation rate refers to how quickly prices are going up. Surging fuel prices helped drive UK inflation higher again last month, according to official figures.
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