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United Kingdom Inflation Expectations
Last Release
May 31, 2025
Actual
4
Units In
%
Previous
4.2
Frequency
Monthly
Next Release
N/A
Time to Release
N/A
Highest | Lowest | Average | Date Range | Source |
6.3 Aug 2022 | 0.8 Dec 2008 | 2.84 % | 1999-2025 | Bank of England |
In the United Kingdom, inflation expectations measure consumers’ median expectation for price growth over the coming 12 months.
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Latest Updates
Expectations among the British public for inflation over the next 12 months rose to 4.8 percent in January 2022 from 4.0 percent in the previous month, hitting the highest level on record, a survey from YouGov and Citi showed. In addition, long-term expectations for inflation in five to 10 years' time were stable at 3.8 percent, remaining at their joint-highest level in eight years. "Today's data, especially the level of long-term expectations, suggest elevated risk inflation expectations could become de-anchored to the upside as inflation accelerates in the months ahead. However, for now, we think expectations remain anchored overall," Citi economists said. The Bank of England is expected to raise interest rates by another 25bps next month, a second rate hike since the pandemic hit, as inflation rates have been running at more than double the central bank's target levels.
United Kingdom Inflation Expectations History
Last 12 readings