Bank of England Inflation Expectations show the expected change in prices for goods and services. It is based on a survey of several thousand UK residents aged 16 and above (the sample covers all age, gender and social categories of persons). The Bank of England publishes survey results quarterly in conjunction with the quarterly inflation report.
The survey covers the following questions:
Inflationary expectations (including 12-month forward expectations) are calculated based on the survey results.
This indicator is first of all important in terms of consumer activity outlook. If people expect economic stability and are confident in the future, they can make large purchases and increase retail turnover, as well as use mortgage loans. In other words, favorable inflationary expectations contribute to economic growth and expansion of retail consumption. The Bank of England (which conducts the survey) also monitors inflationary expectations to adjust the monetary policy and evaluate the efficiency of measures adopted.
The chart of the entire available history of the "Bank of England (BoE) Inflation Expectations" macroeconomic indicator.
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