Public expects inflation to lift

 
Ben Southwood
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THE PUBLIC expects inflation to rise over the coming year, before going yet higher in the long term, a YouGov poll of inflation expectations revealed yesterday.

The median respondent expected inflation of 2.8 per cent for the year from August, up from 2.4 per cent in June and July, ticking up after last month’s surprise rise in consumer price inflation.

Over the next five to 10 years, those polled expected 3.5 per cent inflation yearly, again up from June and July.