Skip to content
Subscriber Only

U.K. Food-Price Inflation Soars as BOE Begins Policy Meeting

U.K. food inflation accelerated to the fastest pace in 19 months in January, pointing to strengthening price pressures in the economy as Bank of England policy makers meet to set interest rates.

Food prices rose an annual 4.6 percent, up from 4 percent the previous month and the most since June 2009, the British Retail Consortium said in an e-mailed statement today in London, citing a survey by Nielsen. Overall shop prices increased 2.5 percent from a year earlier.