BoE DMP Survey: UK companies’ inflation expectations fall further in June

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The latest Bank of England (BoE) Decision Maker Panel (DMP) survey for June showed on Thursday that “one-year ahead expected CPI inflation fell by 0.1 percentage points to 2.8% in June.” Key takeaways “Year-ahead own-price inflation was expected to remain unchanged at 3.

The latestBank of England Decision Maker Panel survey for June showed on Thursday that “one-year ahead expected CPI inflation fell by 0.1 percentage points to 2.8% in June.” Key takeaways “Year-ahead own-price inflation was expected to remain unchanged at 3.9% in the three months to June, the same level firms reported in the three months to May.” “Expected year-ahead wage growth fell by 0.3 percentage points to 4.2% on a three-month moving-average basis in June.” “Annual wage growth was 6.

It is usually expressed as a percentage change on a month-on-month and year-on-year basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.

 

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