Four-fifths of UK manufacturers expect price rises, says CBI

Manufacturing order books remained strong in February. Photograph: David Davies/PA

The largest number of British manufacturers plan to raise prices in the next three months than at any point since 1976, according to a business survey that underscores the inflationary pressures hitting the UK economy.

With energy prices rocketing and wages on an upward path, the CBI said four-fifths of firms expect to increase the cost of manufactured goods in the next three months.