UK inflation has stabilized at 3.8%, remaining substantially above its target, as food prices continue to surge, marking an 18-month high. This persistent inflation has raised concerns about a potential cost-of-living crisis, with food costs increasing for the fifth consecutive month. Despite these pressures, analysts note that inflation figures were in line with expectations, providing some relief for the Bank of England ahead of its upcoming rate decision. However, the current economic landscape suggests a cautious approach, with discussions around the likelihood of interest rate cuts lingering as inflation remains sticky and above levels seen in other major economies.