Key insights
- UK businesses anticipate higher selling prices, with the BoE survey showing a rise to 4.4% expected price growth. This reinforces strong inflation signals, potentially influencing the Bank of England's monetary policy decisions. While focused on the UK, persistent global inflation could indirectly impact US equities through broader macroeconomic trends and central bank responses.
April 24 (Reuters) - British businesses ramped up their expectations for selling prices in the year ahead, according to a survey published by the Bank of England on Friday that added to a run of strong inflation signals from companies.
The BoE’s Decision Maker Panel showed companies in April expected price growth of 4.4% in the 12 months ahead, up from 3.7% in March and the highest reading since January 2024.
Two long-running business surveys on Thursday showed record increases in some of their gauges of company pricing.