UK businesses see no change to CPI outlook for the year ahead – survey

  • Year-ahead CPI seen at 2.9% (unchanged from April)
  • Year-ahead output price inflation seen at 3.9% (vs 4.0% in April)
  • Year-ahead output wage growth seen at 4.5% (vs 4.8% in April)

Wage price expectations are seen easing slightly, so that is one positive for the BOE. Otherwise, with consumer prices still expected to keep above the 2% mark, it’s hard to be too optimistic.

This article was written by Justin Low at Source