UK has highest inflation in G7 after CPI fails to fall in September – as it happened

UK consumer prices inflation remained at 6.7% in September, dashing hopes of a fall, as petrol and diesel prices increase

• Full story: UK inflation unexpectedly holds steady at 6.7% amid rising fuel prices
• UK regular pay rises faster than inflation, easing pressure on living costs

Sterling has risen a little against the US dollar this morning, after UK inflation failed to fall as hoped.

The pound has gained a fifth of a cent, to $1.22.