UK inflation expectations increased in February, the latest quarterly Inflation Attitudes Survey conducted by Ipsos on behalf of the Bank of England revealed Friday.
The one-year ahead inflation expectations rose to 3.4 percent in February from 3 percent in November.
The current inflation rate is estimated to be 4.9 percent compared to 4.8 percent in November.
For the longer-term, say in five years' time, inflation is seen at 3.6 percent, up from 3.4 percent in November.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.