Aaj TV English News - Business & Economy https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Fri, 12 Jun 2026 16:47:14 +0500 Fri, 12 Jun 2026 16:47:14 +0500 60 UK public inflation expectations surged after Iran war https://english.aaj.tv/news/330460176/uk-public-inflation-expectations-surged-after-iran-war <p><strong>The British public’s expectations for inflation in ​the long term rose to a ‌record high last month after the US-Israeli war on Iran sent ​energy prices soaring, the ​Bank of England’s quarterly inflation attitudes ⁠survey showed on Friday.</strong></p> <p>The ​public’s median expectation for the ​rate of inflation in the year ahead increased to 4% from 3.2% ​in February.</p> <p>For inflation in ​five years’ time, expectations rose to ‌3.9% ⁠in May from 3.7% in February - their highest level since BoE records for this time ​series began ​in ⁠2009 and far above the BoE’s target for consumer ​price inflation of 2.0%.</p> <p>BoE ​policymakers ⁠monitor the public’s inflation expectations carefully for signs that ⁠price ​pressures are becoming ​permanently embedded in consumer behaviour.</p> The British public’s expectations for inflation in ​the long term rose to a ‌record high last month after the US-Israeli war on Iran sent ​energy prices soaring, the ​Bank of England’s quarterly inflation attitudes ⁠survey showed on Friday.

The ​public’s median expectation for the ​rate of inflation in the year ahead increased to 4% from 3.2% ​in February.

For inflation in ​five years’ time, expectations rose to ‌3.9% ⁠in May from 3.7% in February - their highest level since BoE records for this time ​series began ​in ⁠2009 and far above the BoE’s target for consumer ​price inflation of 2.0%.

BoE ​policymakers ⁠monitor the public’s inflation expectations carefully for signs that ⁠price ​pressures are becoming ​permanently embedded in consumer behaviour.

]]> Business & Economy https://english.aaj.tv/news/330460176 Fri, 12 Jun 2026 14:04:34 +0500 none@none.com (Reuters) A shopper walks along an aisle inside a Tesco supermarket in Manchester, Britain. -- Reuters