UK food prices may never fall – Bank of England ...News

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UK food prices may never fall – Bank of England
source : Russia Today ( News ) () 36
Soaring costs for basic essentials have led to a decline in British living standards Surging inflation which has been crippling the British economy may slow but food will remain more expensive than before the cost-of-living crisis, the Bank of England’s chief economist, Huw Pill, has warned.  Official figures show that food inflation in the world’s tenth-largest economy in terms of purchasing power parity (PPP) remained stubbornly high at 17.3% in the 12 months to June. “Unfortunately, the days of seeing food prices fall, that does seem to be something that we may not be seeing for a little while yet, if in the fu

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