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UK Businesses Brace for Inflation Surge Amid Price Hikes

10/4/2025

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Summary

Story summary

UK businesses expect consumer prices to rise 3.4% over the next year, double the Bank of England target and the highest since December 2023.
BoE corrected inflation data, revealing wage-growth errors.
Firms plan price increases of 3.7%, up from 3.5% in August.
Policymakers remain divided on easing policy amid persistent inflation and rising household costs.

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Story summary

UK businesses expect consumer prices to rise 3.4% over the next year, double the Bank of England target and the highest since December 2023.
BoE corrected inflation data, revealing wage-growth errors.
Firms plan price increases of 3.7%, up from 3.5% in August.
Policymakers remain divided on easing policy amid persistent inflation and rising household costs.