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Economics1h 39m ago

The British public's expectations for inflation in the long term rose to a record high last month after the U.S.-Israeli war on Iran sent energy prices soaring.

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LONDON

Who
British public, Bank of England
What
The British public's expectations for inflation in the long term rose to a record high last month after the U.S.-Israeli war on Iran sent energy prices soaring.
When
Fri, 12 Jun 2026 08:44:33 GMT · 1h 39m ago
Where
LONDON ·
Why
the U.S.-Israeli war on Iran sent energy prices soaring
The Frontline Impact

How this affects you

The public's median expectation for the rate of inflation in the year ahead increased to 4% from 3.2% in February, and in five years' time, expectations rose to 3.9% in May from 3.7% in February, both above the BoE's 2.0% target.

Story chain

5 events in this thread
  1. Economics53m ago
    Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025.
    Open article
  2. Economics54m ago
    Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025, as the Iran war's cancellation of Formula 1 Grand Prix races and other Gulf sporting events delivered a blow to the British entertainment industry.
    Open article
  3. Economics1h 39m ago
    The British public's expectations for inflation in the long term rose to a record high last month.
    Open article
  4. Currently Reading1h 39m ago
    The British public's expectations for inflation in the long term rose to a record high last month after the U.S.-Israeli war on Iran sent energy prices soaring.
  5. Economics2h 34m ago
    The UK economy contracted by 0.1 percent in April, the first decline in eight months, as an early sign of the impact of the war in Iran.
    Open article

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