Interest rates: Bank of England warns surging food prices could push inflation to 4%
Shorouk Express Explained: How lower interest rate pushes up inflation This encourages people to spend and so increases the rate of inflation. Jane Dalton7 August 2025 14:25 Blow for Reeves as Bank predicts Christmas dinner misery for millions There is no such thing as a free lunch, or, in this case, a free Christmas dinner….