UK Services Firms Face Higher Costs and Raise Prices
British services firms reported stronger cost pressures in September as fuel prices surged from Middle East conflict. This drove the sharpest increase in prices charged by companies since May, adding to inflation worries.
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British services firms reported rising cost pressures and raised prices in September as Middle East conflicts pushed fuel prices higher, according to a survey from S&P Global Inc. published on Monday. The headline services PMI fell to 52.1 from 52.5 in August, marking its joint-weakest growth since June. For investors in the United Kingdom, the data signals renewed inflation risks that could influence upcoming policy decisions at the central bank.
