UK firms expect to raise prices 6% in 12 months, see inflation lingering

Inflation pressures in the UK economy showed only limited signs of abating in November, with companies expecting to raise prices by 5.7% in the coming 12 months.
 

Chief financial officers surveyed for the Bank of England also said they expect consumer prices to be growing at an annual rate of 7.2% a year from now and 3.9% in three years, almost double the 2% target. 

The Decision Maker Panel data published Thursday point to further BOE rate increases in the coming months as the central bank battles to prevent the highest inflation in four decades from becoming entrenched. The current