Just caught the latest UK decision maker panel data from April and there's something worth paying attention to here. The survey hit 2,030 responses and shows firms actually lifted their prices 3.7% over the past three months - which held steady from March. Pretty stable on the surface, but dig into what decision makers are expecting ahead and it gets more interesting.

Here's the thing that caught my eye - year-ahead inflation expectations jumped to 3.8%, up 0.3 points from what decision makers were saying in March. That's a shift in sentiment. But the real signal? Look at the single-month move. February to April saw inflation expectations spike from 3.4% to 4.4%. That's a pretty sharp acceleration in just two months.

What this tells me is decision makers across the economy are clearly adjusting their pricing outlook. It's not just consumer-facing businesses either - this covers the whole economy. So you're seeing businesses broadly getting more cautious or more confident about pushing through price increases. The gap between what they've already done (3.7% realized) and what they expect to do (3.8% ahead) suggests they're planning to hold the line or maybe ease up slightly. But that month-to-month jump in expectations? That's the interesting part to watch.