UK inflation: Milk, cheese and eggs push food price rises to 14-year high
Food prices rose at their quickest pace since 2008, as overall inflation remains near a 40-year high. …
“The fact that the falling headline rate is due to changes in the price of petrol and diesel, which is driven predominantly by the international price of oil rather than by domestic factors, means news is unlikely to alter expectations of a rise in interest rates,” she said, noting the Bank would act to try to stem UK price rises, such as food and services.
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