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UK public inflation expectations fall to lowest since May: BofA survey

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By Reuters
UK public inflation expectations fall to lowest since May: BofA survey
UK public inflation expectations fall to lowest since May: BofA survey   -   Copyright  Thomson Reuters 2021

LONDON – Long-term inflation expectations among members of the British public fell in recent weeks to the lowest level since May, a survey showed on Thursday.

Inflation expectations in five years’ time fell to around 3.6% after peaking at around 4.4% in September, according to the survey of consumers from BofA Global Research.

The report, based on responses given before Wednesday’s announcement of renewed COVID-19 restrictions in England, showed a record 45% of Britons expect life “never” to return to normal after the pandemic.