Consumer Inflation Expectations Slips to 3.1% vs. 3.2%

This report outlines the outcomes of the Bank of England’s latest quarterly survey of public attitudes to inflation, undertaken between 3...

Arslan Butt•Friday, June 7, 2019•1 min read

This report outlines the outcomes of the Bank of England’s latest quarterly survey of public attitudes to inflation, undertaken between 3 and 7 May 2019. Watch out the highlights of reports from the Bank of England’s official site.

Highlights from the Survey

Asked to give the current rate of inflation, respondents gave a median answer of 3.1%, compared to 2.9% in February.
Median expectations of the rate of inflation over the coming year were 3.1%, down from 3.2% in February.
Asked about expected inflation in the twelve months after that, respondents gave a median answer of 3.0%, up from 2.9% in February.
Asked about expectations of inflation in the longer term, say in five years, respondents gave a median answer of 3.8%, up from 3.4% in February.
By a margin of 55% to 7%, survey respondents believed that the economy would end up weaker rather than stronger if prices started to rise faster, compared with 56% to 6% in February.

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.