U.K. Gets First Dose of 'chipflation'

Dow Jones07-22 16:51

0851 GMT - U.K. inflation is beginning to feel the effects of a global shortage of memory chips, driven by booming AI demand, ING's James Smith says in a note. While headline inflation for June fell to a 15-month low, core inflation came in slightly above expectations. "It looks like 'chipflation' has washed up on U.K. shores; portable device prices spiked by 22% month-on-month, the biggest monthly change since the series began in 2015," the economist says. Still, with food and services inflation cooling, the BOE doesn't look likely to hike rates any time soon, he says. "We expect the Bank of England to hold rates throughout 2026 before looking to cut rates gradually from next spring." (don.forbes@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 04:51 ET (08:51 GMT)

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Still, with food and services inflation cooling, the <a href=\"https://laohu8.com/S/00710\">BOE</a> doesn't look likely to hike rates any time soon, he says. \"We expect the Bank of England to hold rates throughout 2026 before looking to cut rates gradually from next spring.\" (don.forbes@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 04:51 ET (08:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.K. Gets First Dose of 'chipflation'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.K. Gets First Dose of 'chipflation'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-22 16:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0851 GMT - U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. inflation is beginning to feel the effects of a global shortage of memory chips, driven by booming AI demand, ING's James Smith says in a note. While headline inflation for June fell to a 15-month low, core inflation came in slightly above expectations. \"It looks like 'chipflation' has washed up on U.K. shores; portable device prices spiked by 22% month-on-month, the biggest monthly change since the series began in 2015,\" the economist says. Still, with food and services inflation cooling, the <a href=\"https://laohu8.com/S/00710\">BOE</a> doesn't look likely to hike rates any time soon, he says. \"We expect the Bank of England to hold rates throughout 2026 before looking to cut rates gradually from next spring.\" (don.forbes@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 04:51 ET (08:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FXD","symbol_name":"First Trust Consumer Discretiona","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653485753","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653485753","pubTimestamp":1784710260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0851 GMT - U.K. inflation is beginning to feel the effects of a global shortage of memory chips, driven by booming AI demand, ING's James Smith says in a note. 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Still, with food and services inflation cooling, the BOE doesn't look likely to hike rates any time soon, he says. \"We expect the Bank of England to hold rates throughout 2026 before looking to cut rates gradually from next spring.\"  Dow Jones NewswiresJuly 22, 2026 04:51 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FXD":"First Trust Consumer Discretiona","SAMT":"Strategas Macro Thematic Opportunities ETF","PLGI":"PL Growth and Income ETF","LCG":"Sterling Capital Focus Equity ETF","VOTE":"TCW Transform 500 ETF","IMCG":"iShares Morningstar Mid-Cap Growth ETF","ADPV":"ADAPTIV SELECT ETF","BKDV":"BNY MELLON DYNAMIC VALUE ETF","MODL":"VictoryShares WestEnd US Sector ETF","LGH":"HCM Defender 500 Index ETF","FITZ":"Fitz-Gerald Must Have Portfolio ETF","RULE":"Adaptive Core ETF","REGL":"ProShares S&P MidCap 400 Dividend Aristocrats ETF","MAPP":"Harbor Multi Asset Explorers ETF","TCTL":"Premise Capital Diversified Tactical ETF","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF","PRVS":"Parnassus Value Select ETF","RMIF":"LHA Risk-Managed Income ETF","XOEX":"Xtrackers S&P 100 Ex Top 20 ETF","CLIX":"ProShares Long Online/Short Stores ETF","EES":"WisdomTree U.S. SmallCap Fund","DIVZ":"TrueShares Low Volatility Equity Income ETF","ESLV":"Eventide Large Cap Value ETF","RHTX":"RH TACTICAL OUTLOOK ETF","SDOG":"ALPS Sector Dividend Dogs ETF","IUS":"Invesco RAFI Strategic US ETF","FLV":"American Century Focused Large Cap Value ETF","MDLV":"MORGAN DEMPSEY LARGE CAP VALUE ETF","FT":"富兰克林通用信托","BSR":"BEACON SELECTIVE RISK ETF","FLXI":"Invesco Flexible Income ETF","EQRR":"ProShares Equities for Rising Rates ETF","SPCT":"Liberty One Spectrum ETF","CGUI":"Capital Group Ultra Short Income ETF","BAMA":"Brookstone Active ETF","DFUV":"DIMENSIONAL US MARKETWIDE VALUE ETF","REMC":"COLUMBIA RESEARCH ENHANCED MID CAP ETF","ARP":"PMV ADAPTIVE RISK PARITY ETF","CGUS":"Capital Group Core Equity ETF","CDC":"VictoryShares US EQ Income Enhanced Volatility Wtd ETF","AGGZ":"Twin Oak Enhanced Fixed Income ETF","VXZ":"中期波动率指数期货ETN","LCO":"LOGIQ Contrarian Opportunities ETF","CGDV":"Capital Group Dividend Value ETF","CGVV":"Capital Group U.S. Large Value ETF","ILCV":"iShares Morningstar Value ETF","TEQI":"T. 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While headline inflation for June fell to a 15-month low, core inflation came in slightly above expectations. \"It looks like 'chipflation' has washed up on U.K. shores; portable device prices spiked by 22% month-on-month, the biggest monthly change since the series began in 2015,\" the economist says. Still, with food and services inflation cooling, the BOE doesn't look likely to hike rates any time soon, he says. \"We expect the Bank of England to hold rates throughout 2026 before looking to cut rates gradually from next spring.\" (don.forbes@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2026 04:51 ET (08:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653485753","isCrawlerRequest":true}