Business · 6 May 2026
UK food inflation could hit 7% by end of year, BoE warns
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British firms have told the Bank of England that food inflation could climb to between 6% and 7% by the end of 2026, the central bank's April Monetary Policy Report confirmed. The Bank held interest rates at 3.75% on 29 April in an 8-1 vote, with one member calling for a rise. UK CPI inflation rose to 3.3% in March from 3.0% in February as energy and food costs picked up.
Reported by Bank of England · How we write briefs