UK Firms Expect Worst Inflation Since End of 2023, BOE Says

UK Firms Expect Worst Inflation Since End of 2023, BOE Says

UK businesses predict that consumer prices will rise at the fastest pace since 2023 in the year ahead, according to a survey that’s likely to add to worries of sticky inflation at the Bank of England.

Bosses' inflation expectations highest in two years amid employment freeze

Fears that inflation will remain well above the Bank of England’s two per cent target intensified on Thursday, after a closely watched survey of businesses revealed bosses plan to raise prices at their fastest rate since the height of the cost-of-living crisis. British businesses also have the weakest hiring intentions since 2020 with firms expecting to keep employment steady over the next 12 months, the first time since the three months to Nove…

UK Firms Expect Worst Inflation Since End of 2023, BOE Says - InsideBusiness - Business News in Nigeria

UK businesses predict that consumer prices will rise at the fastest pace since 2023 in the year ahead, according to a survey that’s likely to add to worries of sticky inflation at the Bank of England. Chief financial officers surveyed by the BOE last month said they expected inflation of 3.5 per cent over the next 12 months, upping expectations for a second consecutive month. Expectations were last higher in December 2023 just before the post-C…

BoE survey shows inflation expectations edge higher, uncertainty still elevated - Action Forex

UK firms reported a slight uptick in inflation expectations in September, according to the BoE’s Decision Maker Panel survey. Year-ahead CPI expectations rose by 0.1 percentage point to 3.4%, while three-year expectations were unchanged at 2.9%. Wage growth expectations held steady at 3.6% on a three-month basis, though the single-month figure rose by 0.3 percentage […] The post BoE survey shows inflation expectations edge higher, uncertainty st…

BoE DMP Survey: UK firms’ inflation expectations seen higher at 3.5% in the September quarter

The latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday showed that “one-year ahead expected CPI inflation by the UK firms edged slightly higher to 3.5% in the quarter to September.”