Consumer Inflation Expectations Slips to 3.1% vs. 3.2%
Arslan Butt • 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.