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UK Public's Inflation Outlook Holds at 4-Year low - BoE

The British public’s expectations for inflation over the next 12 months held at its lowest level in more than four years, in sharp contrast to a recent rise in market expectations, Bank of England data showed on Friday.

Average expectations for inflation over the next 12 months remained at 2.7% - its lowest reading since August 2016 alongside November’s figure.

Asked about inflation for the following year, the public saw it at 2.2%, compared with 2.1% in November, while longer-term inflation was expected to hold steady at 2.9%, just above a five-year low recorded in August 2020.

(Reporting by David Milliken, editing by Andy Bruce)

Source: Reuters

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