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The Guardian - UK
The Guardian - UK
Business
Heather Stewart

FOUND: Uk firms expect to raise prices more quickly as iran war pushes up costs - You Need To See This

The Bank of England in London, Britain, with flowers in the foreground
The Bank of England’s policymakers will be watching UK companies’ pricing intentions closely, as they weigh up whether to raise interest rates. Photograph: Hannah McKay/Reuters

Companies in the UK expect to raise their prices more rapidly over the coming months as the war in the Middle East drives up costs, Bank of England research shows.

The Bank’s regular survey of more than 2,000 chief financial officers conducted last month, after the Iran conflict began, shows they now expect to raise their prices by 3.7% over the coming year.

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