Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

UK public's long-term inflation expectations at 10-year high - Bank of England

UK public's long-term inflation expectations at 10-year high - Bank of England
FILE PHOTO: People are seen outside the Bank of England in London, Britain, April 4, 2019. REUTERS/Alkis Konstantinidis -
Copyright
Alkis Konstantinidis(Reuters)
Text size Aa Aa

LONDON (Reuters) – The British public’s expectations for inflation in five years’ time have jumped to their highest in more than a decade, Bank of England data showed on Friday.

The public’s average expectation for inflation in five years rose to 3.8% in May from 3.4% in February, a quarterly survey by the BoE showed.

Short-run inflation expectations for the next 12 months edged down to 3.1% from 3.2%.

(Reporting by David Milliken, editing by Alistair Smout)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.