Mar 7, 01:50 PM

Bank of England Surveys Show UK Firms Expect 4.3% Price Increase, Stubborn Wage Growth Over 5%, Output Price Inflation Decline, One-Year Ahead CPI Expectations Decrease

UK businesses, as per Bank of England surveys, expect to raise prices by 4.3% in the coming year while anticipating a decline in output price inflation. Wage growth for the year-ahead remains unchanged at 5.2%, but one-year ahead CPI inflation expectations have decreased to 3.3% in February from 3.4% in January. Despite inflation slowdown, UK firms foresee stubborn wage growth of over 5% in the next 12 months, a level considered unsustainable by the Bank of England.

#UK #Bank of England

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