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UK public inflation expectations tick higher in August: BoE survey By Reuters

by Mike Robinson

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© Reuters. One person is seen standing outside of the Bank of England, London, UK, on September 13, 2021. REUTERS/Hannah McKay

LONDON (Reuters) – The British public’s expectations for consumer prices over the coming year rose last month but remained at levels similar to early this year and late last year, a Bank of England survey showed on Friday.

The survey was done by Kantar, a market research company. It found that inflation expectations for the coming year increased to 2.7% in August, from 2.4% May.

The longer-term inflation outlook rose to 3.0% in August from 2.7% May. This is the highest level since just before Britain entered its first COVID-19 lockdown.

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