The latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday showed that “one-year ahead expected CPI inflation by the UK firms edged slightly higher to 3.5% in the quarter to September.”Key takeawaysThree-month average expectations show an expected rise of 3.4%, the most since February 2024. Expectations for three-years ahead, that is seen unchanged at 2.9% in the three months to September. Besides that, UK firms also reported that their realised annual own-price growth rose slightly to 3.8%, up 0.1% from August. As for the firms' own-price inflation for the year ahead, that is seen at 3.7% - unchanged since July. The survey is one of the most closely watched by members of the BoE's Monetary Policy Committee (MPC).