Britons expect a sharp rise in inflation over the coming year following the plummet in the value of sterling after Britain’s vote to leave the European Union, and more now believe a hike in interest rates is on the way, a Bank of England survey showed.
The survey published on Friday showed average public inflation expectations over the next 12 months rose to 2.8 percent in November from 2.2 percent in the previous survey in August.
Taking a five-year view, Britons expected inflation of 3.1 percent, slightly higher than the 3.0 percent forecast of three months earlier.
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