Wednesday, October 27, 2010
Some hints starting to appear???
Britons' expectations for inflation over the coming year rose to 3.0 percent in October from 2.9 percent in both September and August, a survey by Citi/YouGov showed on Wednesday. Inflation has been above the Bank of England's 2 percent target all year. The central bank is confident price pressures will ease in the medium term, but is worried expectations of above-target inflation might become entrenched, leading to a long-term cycle of price rises and higher wage demands.