Lower U.K. Food Inflation Should Reassure BOE Ahead of Meeting

Dow Jones

Jul 22

1256 GMT - Far lower food prices than the Bank of England expected should help relieve policymakers' fears about increases in salient prices fueling inflation expectations, Berenberg's Andrew Wishart. Headline inflation fell to 2.8% in July from 2.6%, a third consecutive downside surprise, as food, alcohol and tobacco price rises slowed from over 4% in 2025 to 1.7%. Alongside the slowdown in services inflation, that rules out an interest-rate hike at next week's BOE meeting, he says. If a sustained increase in oil prices can be avoided and the new Andy Burnham government keeps fiscal consolidation on course at its first budget this fall, the BOE can avoid a hike altogether and resume rate cuts in December, Wishart says. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 08:56 ET (12:56 GMT)

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Headline inflation fell to 2.8% in July from 2.6%, a third consecutive downside surprise, as food, alcohol and tobacco price rises slowed from over 4% in 2025 to 1.7%. Alongside the slowdown in services inflation, that rules out an interest-rate hike at next week's <a href=\"https://laohu8.com/S/00710\">BOE</a> meeting, he says. If a sustained increase in oil prices can be avoided and the new Andy Burnham government keeps fiscal consolidation on course at its first budget this fall, the BOE can avoid a hike altogether and resume rate cuts in December, Wishart says. (edward.frankl@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 08:56 ET (12:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lower U.K. Food Inflation Should Reassure BOE Ahead of Meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLower U.K. Food Inflation Should Reassure BOE Ahead of Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-22 20:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1256 GMT - Far lower food prices than the Bank of England expected should help relieve policymakers' fears about increases in salient prices fueling inflation expectations, Berenberg's Andrew Wishart. Headline inflation fell to 2.8% in July from 2.6%, a third consecutive downside surprise, as food, alcohol and tobacco price rises slowed from over 4% in 2025 to 1.7%. Alongside the slowdown in services inflation, that rules out an interest-rate hike at next week's <a href=\"https://laohu8.com/S/00710\">BOE</a> meeting, he says. If a sustained increase in oil prices can be avoided and the new Andy Burnham government keeps fiscal consolidation on course at its first budget this fall, the BOE can avoid a hike altogether and resume rate cuts in December, Wishart says. (edward.frankl@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 08:56 ET (12:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RHTX","symbol_name":"RH TACTICAL OUTLOOK ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653689997","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653689997","pubTimestamp":1784724960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1256 GMT - Far lower food prices than the Bank of England expected should help relieve policymakers' fears about increases in salient prices fueling inflation expectations, Berenberg's Andrew Wishart. Headline inflation fell to 2.8% in July from 2.6%, a third consecutive downside surprise, as food, alcohol and tobacco price rises slowed from over 4% in 2025 to 1.7%. Alongside the slowdown in services inflation, that rules out an interest-rate hike at next week's BOE meeting, he says. If a sustained increase in oil prices can be avoided and the new Andy Burnham government keeps fiscal consolidation on course at its first budget this fall, the BOE can avoid a hike altogether and resume rate cuts in December, Wishart says.  Dow Jones NewswiresJuly 22, 2026 08:56 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RHTX":"RH TACTICAL OUTLOOK ETF","TCTL":"Premise Capital Diversified Tactical ETF","BOE":"黑岩全球成长基金","MDLV":"MORGAN DEMPSEY LARGE CAP VALUE ETF","AGGZ":"Twin Oak Enhanced Fixed Income ETF","ARP":"PMV ADAPTIVE RISK PARITY ETF"},"translate_title":"英国食品通胀下降应该会在会议前让英国央行放心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARP":0.74,"BOE":1.5,"MDLV":0.74,"TCTL":0.74,"AGGZ":0.74,"RHTX":0.74},"content_text":"1256 GMT - Far lower food prices than the Bank of England expected should help relieve policymakers' fears about increases in salient prices fueling inflation expectations, Berenberg's Andrew Wishart. Headline inflation fell to 2.8% in July from 2.6%, a third consecutive downside surprise, as food, alcohol and tobacco price rises slowed from over 4% in 2025 to 1.7%. Alongside the slowdown in services inflation, that rules out an interest-rate hike at next week's BOE meeting, he says. If a sustained increase in oil prices can be avoided and the new Andy Burnham government keeps fiscal consolidation on course at its first budget this fall, the BOE can avoid a hike altogether and resume rate cuts in December, Wishart says. (edward.frankl@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2026 08:56 ET (12:56 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}