BOE Survey: UK public inflation expectations at record high for 2023

The quarterly survey conducted by the Bank of England (BOE) showed that the public's expectations in Britain for inflation over the coming surged.

Key takeaways

UK public inflation expectations for the coming year 4.9%.

UK public inflation expectations for 12 months after that are 3.2%.

UK public inflation expectations for 5 years' time are 3.1%.

Net public confidence in BOE-7% vs -3% in May.

UK public's year-ahead inflation expectations highest since the survey began in 1999.