–BOE/GfK NOP Survey Shows Dec Yr Ahead Inflation Expects At 3.9%
–BOE/NOP: Year Ahead Inflation Expectations Highest Since Aug 2008
LONDON (MNI) – Inflation expectations for the year ahead have
surged to their highest level since August 2008, rising to 3.9% in
December from the 3.3% seen in August, according to the latest Bank
of England/GfK NOP Inflation Attitudes survey.
The rise in inflation expectations will underline concerns within
the Bank of England’s Monetary Policy Committee that the recent high
level of inflation outturns is fueling a rise in inflation expectations.
How far these higher expectations can feed through into stronger
wage and price pressures, given the underlying weakness of the economy
and a looming period of fiscal austerity remains to be seen.
–London newsroom: 442078627492;email:wwilkesukeditorial@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MABPR$,MT$$$$]
