BoE survey reveals growing concern over UK inflationary outlook

In response to the November 2024 Financial institution of England/Ipsos Inflation Attitudes survey, the median expectation for the speed of inflation over the approaching yr amongst respondents was 3%, up from 2.7% in August 2024. 
Equally, when requested about anticipated inflation within the 12 months after that, respondents gave a median reply of two.8%, up 0.2 proportion factors from August’s determine of two.6%. 
UK economic system unexpectedly shrinks by 0.1% in October sparking ‘trigger for concern’
Wanting extra long run, those that took half within the survey have been sceptical of the Financial institution of England reaching its inflation goal …