UK businesses expected to raise their own prices by 3.9% over the coming year, the highest reading since June and 0.3 percentage point above the previous month, according to the Bank of England’s Decision Maker Panel. The increase followed a resurgence in oil and gas prices, with firms planning to pass higher costs on to consumers while also accepting pressure on profit margins. Wage-growth expectations had previously held at 3.4%, while investors expected a quarter-point Bank of England rate increase in November.