Boromeus Wanengkirtyo, Ivan Yotzov and Mishel Ghassibe Can tomorrow’s costs affect firm prices today? When a temporary tariff schedule on imported inputs was announced in March 2019, many UK firms adjusted prices in anticipation – despite the potential cost change being in the future. In a recent working paper, we use firm‑level survey data to … Continue reading Tomorrow’s costs, today’s prices: why expectations matter for inflation