Details from the BOE/GFK quarterly inflation survey 5 September 2014
- 24 month CPI expectations 2.8% vs 2.5% in May survey
- 5 year expectations 3.4% vs 2.9% in May
- Survey sees current CPI at 3.4% vs 2.9% in May
- 54% say the economy would be weaker due to rising inflation, 9% said economy would be stronger, unch from May
- On interest rates and what’s best for the economy 20% thought rates should rise (unch), 14% siad rates should go down (15% prior) 37% said rates should stay put (38% prior)
- On expected path for rates 29% said rates may stay the same over next 12 months (36% prior), 49% said they would go up over 12m (42% prior)
“GfK NOP interviewed a quota sample of 2016 people aged 16 and over in 175 randomly selected output areas throughout the United Kingdom between 7th and 15th August 2014. The raw data were weighted to match the demographic profile of the UK as a whole.”
Not a survey that the market moves on but it’s an insight to the feelings of people on the ground. It is also pretty much in line with the market consensus which says that the BOE is getting the message across to the population.
You can see the full survey here
