UK Consumer Inflation Expectations
Monitor UK Consumer Inflation Expectations to gauge potential wage hikes and price adjustments.
Overview
Future inflation expectations often translate into actual inflation, mainly because employees are inclined to demand higher wages when they anticipate price increases.
Key Information
What it Measures
The percentage of consumers predicting changes in the prices of goods and services over the next year.
Usual Effect
When the actual figure exceeds the forecast, it is favorable for the currency.
Source & Frequency
Bank of England (latest release) - https://www.bankofengland.co.uk/ • Data is released quarterly, typically around 20 days after the completion of the survey.
How Data is Derived
Survey of about 2,000 consumers, conducted by Ipsos, which asks respondents where they expect prices to be 12 months in the future
Also Known As
BOE/Ipsos Inflation Attitudes Survey, Median Inflation Expectations
Acronym
Bank of England (BOE)