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Economic news
04.07.2024

BoE's June DMP survey: UK's businesses see CPI inflation to be 2.8% one year ahead

Bank of England announced Thursday that its survey of the UK companies' chief financial officers, known as the Decision Maker Panel (DMP), showed that the businesses saw the CPI inflation in Britain to be 2.8 per cent one year ahead, down from 2.9 per cent in the May survey.

In addition, the survey revealed that the anticipated year-ahead output price inflation was 3.6 per cent in June, down from 3.8 per cent the previous month. Meanwhile, the expected year-ahead wage growth was 4.0 per cent, down from 4.1 per cent and the expected year-ahead employment growth was 0.8 per cent, down from 1.4 per cent a month ago.

On the three-month moving-average basis, the year-ahead expected CPI inflation fell by 0.1 percentage points to 2.9 per cent in June, while expected year-ahead output price inflation remain unchanged at 3.9 per cent and expected year-ahead wage growth dropped by 0.3 percentage points to 4.2 per cent.

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