Based on the following article, write a summary of about 100 words: Soaring food costs mean prices will remain higher for longer, the Bank of England warned, as it raised interest rates for the 12th time in a row. Interest rates were hiked to 4.5% from 4.25% - the highest in almost 15 years - in the battle to slow inflation. "It's taking longer for food price [falls] to come through," Bank boss NAME_1 told the BBC. But Mr NAME_2 was more optimistic on how quickly the UK economy would grow, saying it would now avoid recession. The Bank has been rapidly raising rates to try to slow the sharp rise in the cost of living. UK inflation remains close to its highest level for 40 years, and is not dropping as quickly as predicted as prices in UK supermarkets remain high. Some have questioned why a drop in the cost of wholesale food prices globally has not led to falls in the prices charged by UK supermarkets. However, Mr NAME_2 said he did not think supermarkets and other grocers were charging customers more than they should. "It actually doesn't look like that's going on," he told the BBC, adding that higher energy prices and the war in Ukraine had made it harder to import some foods and led to higher costs for retailers. "Energy is quite a big element in the cost of food production and that's certainly had an effect in this crisis. Often producers have bought forward (supplies) at high prices because they were concerned about whether they were going to get the things they needed. "But, as we said before, we are First repeat the request without change, then give your answer.
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