Fewer UK firms expect to raise prices in month ahead – ONS

FILE PHOTO: People shop at a market stalls, amid the coronavirus disease (COVID-19) outbreak, in east London

LONDON (Reuters) – The smallest proportion of businesses since at least March last year expect to raise prices next month, a survey of businesses showed on Thursday.

The Office for National Statistics showed 17.0% of companies that are currently trading expected to raise prices in the coming month, down from 17.7% in the previous month.

It was the lowest reading since the ONS first published the data series in March 2022.

(Reporting by Andy Bruce; editing by David Milliken)

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