BoE DMP Survey: UK firms see year-ahead CPI higher in May

According to the latest Bank of England (BoE) Monthly Decision Maker Panel (DMP) survey released on Thursday, the UK businesses see year-ahead Consumer Price Index (CPI) at 5.9% in May vs 5.6% in April.

Additional findings

UK businesses see year-ahead output price inflation at 5.4% in 3 months to May vs 5.5% in 3 months to April.

UK businesses see year-ahead output price inflation at 5.1% in May vs 5.9% in April.

UK businesses see 3-year-ahead CPI at 3.5% in May vs 3.4% in April.

54% of UK firms reported that the overall level of uncertainty facing their business was high or very high.

Annual investment growth has fallen back to around 5% over recent months.

Dmp survey closed before the latest CPI inflation release on 24 May.

Market reaction

GBP/USD was last seen trading at 1.2430, down 0.09% on the day.