BoE DMP (May):
- Raises 1yr ahead CPI to 3.7% (prev. 3.5%)
- 3yr ahead CPI to 2.8% (prev. 2.8%)
- 1yr ahead wage growth 3.4% (prev. 3.4%)
- 57% of firms expected to increase their prices (down 7 percentage points since April), and 5% expected to lower prices.
- 68% of firms expected their profit margins to be lower (unchanged since April).
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