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

<ul><li>Food inflation appears to have peaked</li><li>We expect inflation to fall to around 5% in October</li><li>Services inflation brings "unwelcome news" since May though</li></ul><p>He is still just reading from the statement mostly for now. We'll get to the Q&amp;A later for the more interesting bits and pieces.</p>

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