India, June 13 -- Britons' short-term inflation expectations softened in May, the latest quarterly Inflation Attitudes Survey conducted by Ipsos on behalf of the Bank of England revealed Friday.
The one-year ahead inflation expectations fell to 3.2 percent from 3.4 percent estimated in February.
Respondents assessed the current inflation at 4.7 percent, down from 4.9 percent in February.
In five years' time, respondents expect inflation to be 3.2 percent, unchanged from the estimate released in February.
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By a margin of 67 percent to 5 percent, respondents' assessed that the economy would end up weaker, rather than stronger, if prices started to rise fa...