Businesses in the UK see year-ahead output price inflation at 4.5% in the three months to December, up from 4.2% in November, the Bank of England's (BOE) Decision Maker Panel (DMP) survey revealed on Thursday.
Key takeaways
"Annual output price inflation continued to increase in the DMP, reaching 5% on average in the three months to December, up by 0.1 percentage point on November."
"Overall uncertainty remained stable in December, with the percentage of businesses that viewed the overall level of uncertainty facing their business as high or very high unchanged at 48%."
"However, Covid-related uncertainty increased in December, with 21% of firms reporting it as their top source of uncertainty, up from 12% in November."
Market reaction
The market reaction to this report was largely muted and the GBP/USD pair was last seen trading in the negative territory near 1.3520.
