LONDON (Reuters) – Long-term inflation expectations among members of the British public fell in recent weeks to the lowest level since May, a survey showed on Thursday.
Inflation expectations in five years’ time fell to around 3.6% after peaking at around 4.4% in September, according to the survey of consumers from BofA Global Research.
The report, based on responses given before Wednesday’s announcement of renewed COVID-19 restrictions in England, showed a record 45% of Britons expect life “never” to return to normal after the pandemic.
(Reporting by Andy Bruce; Editing by William Schomberg)
