Consumer Inflation Expectations Slips to 3.1% vs. 3.2% - Forex News by FX Leaders

Consumer Inflation Expectations Slips to 3.1% vs. 3.2%

Posted Friday, June 7, 2019 by
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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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