UK public inflation expectations tick higher in August: BoE survey

UK public inflation expectations tick higher in August: BoE survey

© Reuters. A person stands outside the Bank of England in London, Britain, September 13, 2021. REUTERS/Hannah McKay

LONDON (Reuters) – The British public’s expectations for consumer prices over the coming year rose last month but remained at levels similar to early this year and late last year, a Bank of England survey showed on Friday.

Inflation expectations for the year ahead rose to 2.7% in August from 2.4% in May, according to the survey, which was conducted by market research firm Kantar.

Longer-term inflation expectations rose to 3.0% from 2.7% in May, their highest since February 2020, not long before Britain went into its first COVID-19 lockdown.

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