BoE survey shows inflation expectations are climbing
Inflation expectations in the UK continued to rise during the month of November, according to data presented in the Bank of England's latest quarterly survey on inflation attitudes, published on Thursday.
The survey, conducted between November 3 and 8, asked participants to give their opinion on the current rate of inflation in the UK. The results show respondents gave a median answer of 5%, compared with 4.8% in August.
When asked how much they expected prices in shops to increase over the next
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