The power of four

Article Abstract:

Analysts expect slightly lower inflation in the UK for the year ahead of Mar 1999 than they did for Dec 1998, according to the Barclays Survey of Inflation Expectations. The average forecast by a range of analysts, including academics, finance directors and members of the public, in Dec 1998 was 2.8%. This figure dropped to 2.7% in the Mar 1999 survey. The fall was more marked amongst the experts. Their inflation expectations fell from 2.7% to 2.4%. Research suggests that the general public believes inflation to be higher than it is, and expects this perceived higher rate to continue.

Forecasts and trends, Inflation (Finance), Inflation (Economics)

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Looking stronger

Article Abstract:

The United Kingdom economy is stronger than was thought, and upward revisions have been made to some data for late 1998 and early 1999. There has been a revival in consumer and business confidence and household spending and the housing market have been stimulated. Inflation has dropped to 2.2%, less than the government's target, and it is only 1.3% after cuts in mortgage payments have been taken into account. There is pessimism in financial markets about interest rate trends, despite the encouraging news on inflation.

Prices, Interest Rates

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