UK inflation expectations surge again, piling pressure on central bank

Britons see prices in the shops surging by 4.3% in the next 12 months, the highest reading since 2008, according to the BoE’s inflation attitudes survey published recently.

LONDON: United Kingdom consumers are more pessimistic about inflation than at any time since the financial crisis, piling pressure on the Bank of England (BoE) to raise interest rates at its meeting this week.

Britons see prices in the shops surging by 4.3% in the next 12 months, the highest reading since 2008, according to the BoE’s inflation attitudes survey published recently.