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UK inflation jumps to 2.1% on soaring fuel

Britain's 12-month inflation rate increased to 2.1% in October from 1.8% in September on  the back of soaring road fuel prices, official data shows today.

It meant that the annual inflation rate was back above the Bank of England's 2% target, according to the data from the Office for National Statistics.

'The main upward pressure came from changes in the price of road fuel,' the ONS said in a statement.

Prices at the pump are rocketing in Britain owing to crude oil prices trading at record highs close to $100 a barrel.