UK businesses participating in the Bank of England's Decision Maker Panel (DMP) survey anticipate a decrease in year-ahead output wage growth to 4.5% in May from 4.8% in April. They also expect the Consumer Price Index (CPI) to remain stable at 2.9% in May compared to April. Additionally, businesses foresee a decline in year-ahead output price inflation to 3.9% in May from 4.0% in April.
UK companies expect wage growth to cool and to raise their own prices by the least in about 2 1/2 years, adding to hopes that underlying inflationary pressures are still in retreat https://t.co/OFwqewhzca
UK businesses are anticipating that the Consumer Price Index (CPI) will remain stable at 2.9% in May, according to the Bank of England's Decision Maker Panel (DMP) survey.
⚠️ BOE: UK BUSINESSES SEE YEAR-AHEAD CPI AT 2.9% IN MAY VS 2.9% IN APRIL - DMP SURVEY
⚠️ ANK OF ENGLAND DMP SURVEY: **UK BUSINESSES SEE YEAR-AHEAD OUTPUT WAGE GROWTH AT 4.5% IN 3 MONTHS TO MAY VS 4.8% IN 3 MONTHS TO APRIL
BANK OF ENGLAND DMP SURVEY: UK BUSINESSES SEE YEAR-AHEAD CPI AT 2.9% IN MAY VS 2.9% IN APRIL.
BANK OF ENGLAND DMP SURVEY: UK BUSINESSES SEE YEAR-AHEAD OUTPUT WAGE GROWTH AT 4.5% IN 3 MONTHS TO MAY VS 4.8% IN 3 MONTHS TO APRIL.
BANK OF ENGLAND DMP SURVEY: UK BUSINESSES SEE YEAR-AHEAD OUTPUT PRICE INFLATION AT 3.9% IN 3 MONTHS TO MAY VS 4.0% IN 3 MONTHS TO APRIL.
⚠️ BANK OF ENGLAND DMP SURVEY: UK BUSINESSES SEE YEAR-AHEAD OUTPUT PRICE INFLATION AT 3.9% IN 3 MONTHS TO MAY VS 4.0% IN 3 MONTHS TO APRIL