U.K. Businesses Raise Year-Ahead Price Outlook to 4.1 Percent

The reading marked a 0.1 percentage point increase from the 4.0 percent figure reported for the three months to May.

The survey focuses on firms' own pricing intentions rather than broader consumer price indices.

Inflation in the United States has reached fresh three-year highs for several months. Officials attribute the increases to economic effects from the Iran war. Government reports show the trend has continued without interruption. The figures track month-to-month and year-over-year changes in goods and services purchased by typical households.

The next inflation report is scheduled for release later this month. Market participants will review the figures for any change in direction. No specific policy response has been announced in connection with the latest readings.