A Bank of England survey showed on Friday that businesses expect a bigger increase in their costs in the one year-ahead horizon but lowered their view on the consumer price inflation for the same period.
Firms raised their year-ahead own-price inflation expectation to 4.0 percent in the three months to May from 3.8 percent in the three months to April, results of the Decision Maker Panel survey showed. The expected output price inflation measure of 4.0 percent is the strongest since the February 2025 survey.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.