The annual rate increased from 2.9%, with transport, especially motor fuels, making the largest upward contribution.
The UK Consumer Prices Index rose 3.1% in the 12 months to August 2026, up from 2.9% in July, the Office for National Statistics reported. The CPI increased 0.5% during August, compared with 0.3% in August 2025.
CPIH, which includes owner-occupiers’ housing costs, rose 3.3% over the year. Transport, particularly motor fuels, made the largest upward contribution to the monthly change in both annual rates.
The company’s September disclosure includes taxes, salaries, dividends and local procurement spending.
The 8 September update covers drilling through March 2026; the resource estimate is not a reserve.
The value of permits dropped to $12.2 billion, more than reversing June’s increase.
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