UK public inflation expectations at record high for coming year – BoE survey By Reuters
Economy 5 minutes ago (Sep 15, 2022 09:55)
© Reuters. FILE PHOTO: Shoppers walk next to the clubcard price branding inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Picture taken February 10, 2022. REUTERS/Paul Childs/File Photo
LONDON (Reuters) – The British public expect inflation over the coming year to be 4.9%, up from 4.6% in May and the highest since records began in 1999, a Bank of England survey showed on Thursday.
The survey was conducted between Aug. 5 and Aug. 8, before new Prime Minister Liz Truss took office and announced plans to cap an increase in household energy tariffs.
Longer-term inflation expectations – which are typically of greater concern to BoE policymakers – fell to 3.1% from 3.5%.
UK public inflation expectations at record high for coming year – BoE survey
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