LONDON DAILY ARCHIVE

Bank of England Warns Inflation Will Stay Above 3% as Middle East Energy Shock Prolongs Cost-of-Living Pressures

The Bank of England expects consumer price inflation to remain above three percent through late next year, warning that higher energy costs linked to disruption in the Middle East will continue to weigh on household budgets and complicate the government's fiscal planning.

01 August 2026 · 03:32 UTC