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UK firms raise their inflation expectations

by Mike Robinson

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© Reuters. FILEPHOTO: November 5, 2020, London, Britain. REUTERS/John Sibley/File photo

LONDON (Reuters – British companies raised their inflation expectations in the coming year, according to a Bank of England survey. It is monitoring closely for any signs that a recent price rise might be more long-lasting than predicted.

The BoE announced Thursday that year-ahead price inflation is expected to rise to 3.5% for the three months ending September 2022 from 3.2% in August.

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