June 7, 2019
LONDON (Reuters) – The British public’s expectations for inflation in five years’ time have jumped to their highest in more than a decade, Bank of England data showed on Friday.
The public’s average expectation for inflation in five years rose to 3.8% in May from 3.4% in February, a quarterly survey by the BoE showed.
Short-run inflation expectations for the next 12 months edged down to 3.1% from 3.2%.
(Reporting by David Milliken, editing by Alistair Smout)