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Bank of England/Ipsos Inflation Attitudes Survey - August 2024
Asked to give the current rate of inflation, respondents gave a median answer of 5.2%, down from 5.5% in May 2024. Question 2a: Median expectations of the rate of inflation over the coming year were 2.7%, down from 2.8% in May 2024. Question 2b: Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.6%, unchanged from 2.6% in May 2024. Question 2c: Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.2%, up from 3.1% in May 2024. Question 3: By a margin of 67% to 5%, survey respondents believed that ... (full story)