Compared with March 2024: median consumer inflation perceptions over the previous 12 months were unchanged, while median inflation expectations for the next 12 months and for three years ahead both edged down; expectations for nominal income growth and nominal spending growth over the next 12 months remained stable; expectations for economic growth over the next 12 months became less negative, while the expected unemployment rate in 12 months’ time was higher; expectations for growth in the price of homes over the next 12 months increased, while expectations for mortgage interest rates 12 months ahead remained ... (full story)