Rising prices begin to bite - BoE 'Inflation Attitudes' survey

The survey, published today, found the public's perception of the current rate of inflation has risen to a median figure of 2.3%, up from 1.8% in August. Looking ahead 12 months, those surveyed felt the rate of inflation would be 2.8%, up from 2.2% in August. In five years' time, respondents felt inflation would sit at 3.0%, however, slightly down from August expectations at 3.1%. A quarter (24%) of those surveyed felt higher interest rates would be better for them personally while a similar percentage (25%) believed lower interest rates would benefit them. Octopus Choice head Richard...