UK Firms Plan Slower Price Rises
British businesses expect to increase prices slightly less quickly in the coming year, according to a Bank of England survey. Companies in the three months to August projected price growth of 3.8% while wage growth expectations held steady at 3.4%.
Companies in the United Kingdom expect year-ahead price growth to cool to 3.8%, according to a BoE survey published Friday morning. The reading edges down from 3.9% in the prior period covering the three months to July. Business pricing sentiment offers a key gauge for policymakers tracking domestic inflation pressures.
