Price rises predicted

A GROWING number of firms expect their prices to increase significantly in the coming months, research suggests.

The prediction comes amid concern over rising inflation, said the British Chambers of Commerce.

Its survey of more than 5800 firms found that two in five believe their prices will increase in the next three months. About a third of respondents said inflation is a cause for concern.

Raw materials costs were cited as the key driver of rising prices for manufacturers, with some firms pointing to continued post-Brexit issues.