UK businesses expect output price inflation to decline over the next year - BOE survey ...Middle East

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UK businesses expect output price inflation to decline over the next year - BOE survey
Firms reported that their output prices rose by an average annual rate of 5.4% in the three months to February (down from 5.6% previously)Year-ahead own-price inflation was expected to be 4.3% in the three months to February (unchanged)Output price inflation is expected to decline by 1.1% over the next 12 monthsOne-year ahead CPI inflation expectations declined to 3.3% (down from 3.4% previously)Three-year ahead CPI inflation expectations fell to 2.8% (down from 2.9% previously)Expected year-ahead wage growth seen at 5.2% on a three-month-moving-average basis (unchanged)Annual wage growth fell to 6.7% in the three months to February (down from 6.8% previously)Looking at it as a whole, it jus

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