UK inflation expectations at 2008 levels

first_imgIts quarterly inflation expectations report showed public expectation of inflation rose to 3.4 per cent last month compared to 3.3 per cent when the last survey was carried out in May.Less people in August believed interest rates should increase with only 20 per cent of people suggesting a rise in interest rates would be appropriate compared to 25 per cent in May.Meanwhile, 54 per cent of people thought the inflation target was “about right”, compared with 56 per cent in May. Yet figures on Wednesday showed the Consumer Price Index remained above three per cent for the sixth consecutive month while inflation had remained above the Bank’s two per cent target for almost a year. David Miles, a member of the Bank of England’s Monetary Policy Committee also warned UK inflation was uncomfortably high.“I am particularly concerned about inflationary pressures, since it is our job to keep the rate close to the two per cent target and it is uncomfortably above that at present,” he added. Show Comments ▼ Share whatsapp UK INFLATION expectations have risen to their highest level in two years, according to the Bank of England. KCS-content UK inflation expectations at 2008 levels More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this Tags: NULL Thursday 16 September 2010 8:59 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more