BoE/TNS survey: Longer-term inflation expectations at 3.1% vs. 3.8% in May

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Below are some of the key results from the Bank of England’s (BoE) latest consumer inflation expectations survey, released this Friday.

Key highlights:

   •  UK public inflation expectations for the year ahead at 3.3% in August vs 3.1% in May – highest since Nov. 2013.
   •  UK public longer-term inflation expectations at 3.1% vs 3.8% in May – lowest since Nov. 2016 and the biggest drop since records began in 2009.
   •  43% of UK public sees BoE raising interest rates in the next 12 months vs 49% in May – lowest share in 2-years.

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