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Decision Maker Panel Survey Highlights Lofty Inflation Expectations

BOE

BoE release Decision Maker Panel survey for June: https://www.bankofengland.co.uk/decision-maker-pan...


Highlights:

  • Over the past 12 months to June, average unit costs were estimated to have increased by 9.5%.
  • Over the next 12 months, firms expected unit cost growth to be 8.2%.
  • Perceptions of current CPI inflation averaged 8.7% in the June survey, 0.3pp lower than the official ONS CPI inflation rate. Looking ahead, DMP members expected CPI inflation to be 7.4% one-year ahead and 4.0% in three years’ time.
  • 88% of firms reported they were finding it harder to recruit new employees compared to normal
  • 58% of respondents reported that uncertainty for their business was ‘high’ or ‘very high’ at the moment, 4 percentage points higher than in May

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