Asked to give the current rate of inflation, respondents gave a median answer of 5.5%, down from 6.1% in February 2024. Question 2a: Median expectations of the rate of inflation over the coming year were 2.8%, down from 3% in February 2024. Question 2b: Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.6%, down from 2.8% in February 2024. Question 2c: Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.1%, unchanged from 3.1% in February 2024. Question 3: By a margin of 65% to 6%, survey ... (full story)