British businesses showed no sign of easing their price expectations in June despite a de-escalation of the Iran war that had sent energy costs surging, a Bank of England survey showed on Friday.
The BoE's Decision Maker Panel showed firms expected their prices to rise 4.1% in the year ahead in the three months to June, up from 4.0% in May and the highest since early 2024, suggesting the energy price shock had yet to release its grip on corporate pricing plans.
Price expectations were unchanged at 4.0% on a one-month basis.
Expected year-ahead wage growth rose 0.1 percentage points to 3.5% in the three months to June.