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According to the latest Bank of England (BOE)/TNS Inflation Attitudes Survey, the median public expectations of the rate of inflation over the coming year were 2.9% in May, down from 3.0% in February.

Additional findings

“Public’s expected inflation in next twelve months 1.9%, down from 2.9% in February.”

“Public expectations of inflation over next 5 years 2.6% in May vs 3.4% in Feb.”

“Public’s net satisfaction with BOE was at +23 in May vs +29 in Feb.”

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