BoE DMP Survey: UK firms see year-ahead CPI inflations sharply down to 4.8% in Aug

According to the latest survey conducted by the Bank of England (BoE) Monthly Decision Maker Panel (DMP) on Thursday, the UK businesses reported year-ahead Consumer Price Index (CPI) inflation sharply lower at 4.8/% in August vs. 5.4% projected in July.

Additional findings

UK businesses see year-ahead output price inflation at 4.9% in 3 months to Aug, down 0.5 percentage points vs 3 months to July.

UK businesses see Aug 3-year-ahead CPI at 3.2% vs July 3.3%.

UK businesses see Aug year-ahead wage growth at 5.0% vs July 5.0%

Market reaction

GBP/USD remains pressured below 1.2500, last seen trading at 1.2467, down 0.30% on the day.