The impact of rising prices is beginning to be felt more keenly in the UK, results from the Bank of England's Inflation Attitudes survey have suggested.
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...
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