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UK inflation expectations match nine-year high: BoE survey

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UK public’s medium-term inflation expectations edge up: BoE By Reuters

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Economic Indicators 32 minutes ago (Dec 09, 2022 10:06)

© Reuters. FILE PHOTO: A London bus travels past the Bank of England in London, Britain, October 10, 2022. REUTERS/Hannah McKay

LONDON (Reuters) – The British public’s expectations for inflation over the medium term edged up last month – a source of concern for many BoE policymakers – although expectations for the year ahead dipped, a quarterly central bank survey showed on Friday.

The public’s expectation for inflation in the next one to two years rose to 3.4% in November from 3.2% in August, matching a May reading which was the highest since November 2013.

Expectations for inflation over the coming year time dropped to 4.8% from 4.9% in August, while those for five years’ time rose to 3.3% in November from 3.1%.

UK public’s medium-term inflation expectations edge up: BoE

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*UK 1-year Ahead Inflation Expectations Fall To 4.8% From 4.9%: BoE/Ipsos Survey

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