Thursday, December 13, 2007
Inflation expectations rise
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The public believes that inflation is running at 3.2% and will be 3% over the coming year, according to the Bank of England's latest inflation attitudes survey. Both figures are the highest since the Bank started monitoring such attitudes, and probably reflect rising energy and food prices. It is still the case that inflation expectations are relatively low, lodged some way between the CPI and RPI. Details here.