Most widespread price hikes since the 80s

Inflationary pressure: A fruit stall at Walthamstow market in London. The Bank of England is watching for signs that the recent rise in inflation in Britain might prove longer-lasting than it has forecast. — Bloomberg

LONDON: More British manufacturers plan to raise their prices than at any other point in the past three decades, according to a survey that added to signs of growing inflationary pressure in the world’s fifth biggest economy.

The net balance of factory firms expecting to hike their prices rose to 60% in the latest quarterly survey by the British Chambers of Commerce, up from 57% in the second quarter and the highest since the survey began in 1989.