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UK YEAR-AHEAD PUBLIC INFLATION EXPECTATIONS RISE TO 3.3% IN OCT

  • NEWS Desk Global
  • Nov 1, 2024
  • 1 min read



British households' expectations for inflation over the next 12 months rose again in October, adding to the likelihood that the Bank of England will only cut interest rates once a quarter.

Expectations for inflation in a year's time rose to 3.3% in October from 3.2%, up from a trough of 2.6% in June. For five to 10 years' time, expectations rose to 3.8% in October from 3.6% and are 0.8 percentage points above June's low.

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