UK firms raise their inflation expectations – BoE survey

FILE PHOTO: A view of The Bank of England and the City of London financial district in London, Britain
FILE PHOTO: The Bank of England and the City of London financial district in London, Britain, November 5, 2020. REUTERS/John Sibley/File Photo

October 7, 2021

LONDON (Reuters) – 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.

(Writing by William Schomberg; Editing by Alistair Smout)