Bank of England predicts food inflation will fall in 2026
The Bank of England reduced the UK base rate to 4%, while stating in its Monetary Policy Report that the 2025 inflation increase was a result of higher food and energy prices.
The Bank of England reduced the UK base rate to 4%, while stating in its Monetary Policy Report that the 2025 inflation increase was a result of higher food and energy prices.
The Bank of England’s chief economist Huw Pill has warned that food prices will continue to rise, albeit more slowly.