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UK firms raise their inflation expectations - BoE survey

UK firms raise their inflation expectations - BoE survey
UK firms raise their inflation expectations - BoE survey   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – British companies have raised their inflation expectations for the year ahead, according to a survey for the Bank of England which is watching closely for signs that a recent jump in prices might prove longer-lasting than it has predicted.

Year-ahead annual price inflation was expected to be 3.5% in the three months to September 2022, up from 3.2% in the August survey, the BoE said on Thursday.