"41.1% of transport & storage sector companies say they plan to increase their prices this month, together with 40.5% of retailers and 35.2% of manufacturers. This is a significant rise from April."
"Only 18.6% of transport & storage companies planned price increases for April, showing a 22.5 percentage point increase in the number of firms planning increases over last month."
"The planned price rises for this month are not surprising when we look at the increase in the cost of services and goods that companies are now facing."
The ONS Business Insights survey indicates that over 40% of retailers and transport & storage sector firms intend to raise prices this month. This marks a significant increase from April, driven by rising costs linked to the Iran conflict. Transport & storage companies are at the forefront of these price hikes, with 41.1% planning increases, followed closely by retailers at 40.5% and manufacturers at 35.2%. The survey shows a stark rise in planned price increases compared to previous months, reflecting the ongoing economic pressures faced by these sectors.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]