BOE’s Bailey: We expect food price inflation to fall gradually this year

  • Food inflation appears to have peaked
  • We expect inflation to fall to around 5% in October
  • Services inflation brings “unwelcome news” since May though

He is still just reading from the statement mostly for now. We’ll get to the Q&A later for the more interesting bits and pieces.

This article was written by Justin Low at www.forexlive.com. Source