UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of interest-rate cuts.

The UK’s July inflation print came in at 3.8%, the highest rate in 18 months, pushing back expectations of any rate relief from the Bank of England in the coming months. July’s gains now surpass June’s 3.

London saw a rise in consumer price inflation. Official data indicates a jump to 3.8% in July. The Bank of England had predicted this increase. Inflation remains higher than in the US and Euro zone. Energy prices and a tight labour market contribute to the rise.

Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year.

Canada’s inflation rate fell to 1.7 per cent in July, slowing slightly more than expected and easing some fears about sticky price growth. Statistics Canada’s consumer price index report on Tuesday said the deceleration was led by a decline in gasoline prices, which reflected the removal of the consumer carbon price.

The pace of inflation in Canada cooled last month, offering some hope the central bank will resume lowering interest rates to help revive a sluggish economy being held down by trade uncertainty.