Compared with April 2024: median consumer inflation perceptions over the previous 12 months and inflation expectations for the next 12 months and for three years ahead all edged down further; expectations for nominal income and spending growth over the next 12 months declined; expectations for economic growth over the next 12 months remained unchanged, while the expected unemployment rate in 12 months’ time decreased; expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead edged down. Inflation The median rate of ... (full story)