Inflation expectations stuck high

The UK public’s inflation expectations stayed stuck firmly above the Bank of England’s two per cent inflation target according to YouGov’s March survey, out yesterday. The median expectation among the 2,131 people surveyed was 2.8 per cent, the same as February and in line with the last two consumer price index releases. And the public still thought inflation would grow to 3.5 per cent over the next five to 10 years.