UK Companies Signal Slower Price Increases Amid Ongoing Energy Concerns

UK companies are signaling a slowdown in price increases over the next year, according to the latest survey by the Bank of England.

The survey shows that firms expect to raise prices at a rate of 3.7% over the next 12 months, down from 3.8% in the previous quarter.

This easing in inflation pressure comes as wage growth expectations remain steady at 3.4%, indicating businesses do not anticipate a significant increase in pay pressures.