BOE TNS survey has UK public upping inflation expectations to 2.9%

Author: Mike Paterson | Category: Central Banks

The latest BOE survey of the UK public now published 8 Dec

Be clear this is not a BOE forecast but joe public and therefore of little note. Sorry Joe.
 ( and to all my antagonists out there who feel I'm desperate to put a negative stance on everything, yes I would be saying the same thing even if it was a 2.3% header!)

TNS interviewed a quota samples of people aged 16 and over in 368 randomly selected output areas or group of output areas (sample points) throughout the United Kingdom; 2097 people between 3 and 7 November 2017. The raw data were weighted to match the demographic profile of the UK as a whole.

FWIW here's some survey responses ;
Question 1: Asked to give the current rate of inflation, respondents gave a median answer of 2.9%, compared to 2.8% in August. 

Question 2a: Median expectations of the rate of inflation over the coming year were 2.9%, compared with 2.8% in August. 

Question 2b: Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.9%, compared with 2.7% in August. 

Question 2c: Asked about expectations of inflation in the longer term, say in five years' time, respondents gave a median answer of 3.5%, compared to 3.4% in August. 

Question 3: By a margin of 52% to 9%, survey respondents believed that the economy would end up weaker rather than stronger if prices started to rise faster, compared with 53% to 7% in August. 

Full results here
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