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- Bank of England inflation survey: respondents estimate inflation at 2.3%, compared to 1.8% in August
Bank of England inflation survey: respondents estimate inflation at 2.3%, compared to 1.8% in August
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Median expectations of the rate of inflation over the coming year were 2.8%, compared with 2.2% in August.
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Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.5%, compared with 2.2% in August.
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Asked about expectations of inflation in the longer term, say in five years' time, respondents gave a median answer of 3.1%, compared to 3.0% in August.
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By a margin of 50% to 10%, survey respondents believed that the economy would end up weaker rather than stronger if prices started to rise faster, compared with 44% to 10% in August.
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