LONDON (dpa-AFX) - Britons' inflation expectations for the year ahead rose to 3.7 percent in May from 3.5 percent in February, a survey by the Bank of England and GfK NOP showed Friday.
The quarterly survey of public attitudes to inflation was undertaken in May 2012. Inflation for the longer-term, say in five years time, is seen at 3.6 percent, higher than 3.2 percent in February.
Around 41 percent of respondents expect interest rates to rise over the next 12 months, compared with 35 percent in the previous survey. Nearly 7 percent forecasts interest rates to fall over the coming 12 months, unchanged from February.
Copyright RTT News/dpa-AFX