Mmastodon BusinessEconomy first seen 20 h ago, last 3 min ago, peak #10
UK services firms raise prices at fastest rate since May
Original: UK services firms raise prices at fastest rate since May amid fuel surge https://www.standard.co.uk/business/business-ne
British services companies have pushed up their prices at the fastest pace since May, driven largely by rising fuel costs. The development adds to concerns that inflationary pressure is building again in the UK economy, with firms passing higher energy and transport costs on to customers. Commentators are watching the figures closely for what they mean for interest rate decisions.
Why now: Renewed price pressure in the UK services sector signals inflation may be resurging, a key concern for households and policymakers.
UK services sectorBank of England
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- UK services firms raise prices at fastest rate since May amid fuel surge https://www.standard.co.uk/business/business-news/growth-middle-east-b1299546.html # Business # Economy # Inflation · the_standard@robot.villas · 3
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