UK shop prices rose at their fastest pace since April 2024 in the year to July, driven by a sharp pickup in food inflation, according to the British Retail Consortium. Overall shop prices increased 0.7% year-on-year+0.2% expected. prior +0.4%food prices surged 4.0%, the strongest since February Rising costs for essentials like meat and tea, due to global supply issues, pushed grocery bills higher for the sixth straight month.- The data adds to signs of sticky inflation and complicates the Bank of England’s rate-cut path, especially as headline inflation rose to 3.6% in June. The Bank of England next meet on August 7. This article was written by Eamonn Sheridan at investinglive.com.