Question 1: Asked to give the current rate of inflation, respondents gave a median answer of 3.1%, compared to 2.9% in August. Question 2a: Median expectations of the rate of inflation over the coming year were 3.2%, compared to 3.0% in August. Question 2b: Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.8%, down from 2.9% in August. Question 2c: Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.5%, down from 3.6% in August. Question 3: By a margin of 53% to 9%, survey respondents believed that ... (full story)