UK firms raise their inflation expectations — BOE survey

UK firms raise their inflation expectations — BOE survey
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LONDON (Oct 7): British companies have raised their inflation expectations for the year ahead, according to a survey for the Bank of England (BOE) 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.