Question 1: Asked to give the current rate of inflation, respondents gave a median answer of 6.1%, down from 7.5% in November 2023. Question 2a: Median expectations of the rate of inflation over the coming year were 3%, down from 3.3% in November 2023. Question 2b: Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.8%, unchanged from 2.8% in November 2023. Question 2c: Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.1%, down from 3.2% in November 2023. Question 3: By a margin of 69% to 5%, ... (full story)