British businesses now expect to raise prices over the coming year by less than they had planned previously, a Bank of England survey showed on Thursday, offering some reassurance to policymakers that inflation is on course to return to target. Businesses surveyed in the three months to August expected to raise prices by 4.9% over the coming year, the smallest percentage since February 2022 when Russia invaded Ukraine, and down from 5.2% for the three months to July.
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