- BoE DMP Survey: UK firms see year-ahead CPI inflations sharply down to 4.8% in Aug
Market news
7 September 2023
BoE DMP Survey: UK firms see year-ahead CPI inflations sharply down to 4.8% in Aug
According to the latest survey conducted by the Bank of England (BoE) Monthly Decision Maker Panel (DMP) on Thursday, the UK businesses reported year-ahead Consumer Price Index (CPI) inflation sharply lower at 4.8/% in August vs. 5.4% projected in July.
Additional findings
UK businesses see year-ahead output price inflation at 4.9% in 3 months to Aug, down 0.5 percentage points vs 3 months to July.
UK businesses see Aug 3-year-ahead CPI at 3.2% vs July 3.3%.
UK businesses see Aug year-ahead wage growth at 5.0% vs July 5.0%
Market reaction
GBP/USD remains pressured below 1.2500, last seen trading at 1.2467, down 0.30% on the day.
Market Focus
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