UK Household Inflation Expectations Fell Before April CPI Spike
UK households had been expecting inflation to slow over the coming year, according to a Bank of England survey that was conducted before the sudden jump in consumer prices reported last month.
The BOE's quarterly Inflation Attitudes Survey published on Friday showed the public believed inflation would fall to 3.2%, down from 3.4% at the last survey in February, in a sign that the central bank has had some success in bringing down people's expectations of price growth. It was the first decline in almost a year.
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