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Consumer Survey Shows Lowest Year-Ahead Inflation Expectations Since Nov21

UK DATA

Looking a bit more into those BOE/Ipsos Inflation Attitudes numbers (a consumer expectation survey):

  • The expectation of inflation over the next year of 3.3% is the lowest since November 2021 (the 2013-2019 average is 2.7% so it's still higher than it was prior to the pandemic and other aftershocks), but is down from 3.6% last quarter, and a peak of 4.9% in August 2022.
  • The "12-months after that" has remained at 2.8% (the 2013-2019 average is 2.6% so we're not that far away).
  • The 5-years time is 3.2% (up from 2.9% last quarter, the 2013-2019 average for that series is 3.3% - so broadly in line with where we are still).
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Looking a bit more into those BOE/Ipsos Inflation Attitudes numbers (a consumer expectation survey):

  • The expectation of inflation over the next year of 3.3% is the lowest since November 2021 (the 2013-2019 average is 2.7% so it's still higher than it was prior to the pandemic and other aftershocks), but is down from 3.6% last quarter, and a peak of 4.9% in August 2022.
  • The "12-months after that" has remained at 2.8% (the 2013-2019 average is 2.6% so we're not that far away).
  • The 5-years time is 3.2% (up from 2.9% last quarter, the 2013-2019 average for that series is 3.3% - so broadly in line with where we are still).