LONDON (Reuters) – British businesses’ plans for price rises and their expectations for broader inflation over the year ahead both fell in February, but plans for wage rises remained steady, a Bank of England survey showed on Thursday.
Businesses surveyed in February expected to raise their prices by 5.4% over the coming year, down 0.4% from January, and they expected consumer price inflation of 5.9%, down from 6.4%.
Firms expected pay growth of 5.7%, unchanged from January.
The BoE survey was based on responses from 2,462 chief financial officers between Feb. 3 and Feb. 17.
(Reporting by David Milliken; Editing by William Schomberg)
