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Bank of England says 12-month inflation expectations hit record -Breaking


© Reuters. FILEPHOTO: Shoppers shop in a London market, Britain. February 23, 2021. REUTERS/Henry Nicholls

LONDON (Reuters] – British people’s expectations of an inflation rate in a year are at their highest point since 1999. This was revealed by a quarterly Bank of England survey.

In May, the median inflation expectations for twelve months were 4.6%. This is an increase from 4.3% in February.

For the two- and five year periods, expectations rose to 3.4% et 3.5%, respectively. These numbers are higher than those in 2013 and 2019.