UK inflation expectations rise

Close up of Bank Of England facade with the statue of Duke of Wellington Statue created by Francis Chantrey City of London England

With inflation now double the Bank of England's inflation target, public inflation expectations in the United Kingdom have climbed further, but only slightly, the Bank's latest quarterly survey of public attitudes to inflation, published on Thursday, found.

The report, based on surveys of the publics' attitudes to inflation undertaken in February 2011, said median expectations of the rate of inflation over the coming year were up 0.1 percentage points, from 3.9% in November to 4% in February. Wh

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