Britons' Inflation Expectations Slow In November : vimarsana

Britons' Inflation Expectations Slow In November


Britons' Inflation Expectations Slow In November
LONDON (dpa-AFX) - Britons' inflation expectations for the coming year slowed marginally in November, the quarterly Bank of England/Kantar Inflation Attitudes Survey showed on Friday.
The one-year ahead inflation expectations fell to 2.7 percent from 2.8 percent in August. Likewise, the expected inflation for the twelve months after that slowed to 2.1 percent from 2.2 percent.
Inflation in the five years' time is seen at 2.9 percent compared to 2.8 percent projected in August.
Further, 40 percent of survey participants thought the inflation target was 'about right', down from 42 percent in August. The proportions saying the target was 'too high' or 'too low' were 29 percent and 11 percent, respectively.

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