Inflation in the UK highest in five years

Inflation in the UK rose to its highest level in five years in September, driven by accelerated food and transport prices.
The inflation rate rose to 3% in September on an annual basis, or the highest since April 2012, against 2.9% a month earlier, according to national statistics.
Data increases expectations for a raise in interest rates by the British Central Bank, perhaps next month.
The rise in the price of oil and petroleum products may mean that we will see further inflation in the future, according to market observers.
Now, inflation is a full percentage point above the target of the Bank's inflation rate of 2%.