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UK services firms raise prices at fastest rate since May

Summarised from 2 outlets · 3 reports · Updated 5 Oct, 12:31 · Archive

UK services firms have raised prices at their fastest rate since May, citing rising fuel costs and staff wages.

UK services firms have raised prices at their fastest rate since May, according to firms surveyed about their recent business costs. The companies pointed to two main drivers of the increases: rising fuel prices and higher wages for staff.

These cost pressures have pushed up overall business costs across the services sector, prompting firms to pass increases on to customers.

UK services firms raise prices at fastest rate since May
Image: Independent Business

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