In the first quarter of this year, the survey respondents, on average, downwardly revised their forecast of headline consumer inflation during 2025 to 4.3%, from 4.5%. They foresee it rising gradually to 4.7% in 2027. Over the next five years, they expect it to stabilise at 4.7%, slightly above the targeted midpoint. The one-year-ahead inflation expectations of households fell to 5.7%, from 6.6% previously. It is now the lowest it has been in three years.
Read MoreIn the first quarter of this year, the survey respondents, on average, downwardly revised their forecast of headline consumer inflation during 2025 to 4.3%, from 4.5%. They foresee it rising gradually to 4.7% in 2027. Over the next five years, they expect it to stabilise at 4.7%, slightly above the targeted midpoint. The one-year-ahead inflation expectations of households fell to 5.7%, from 6.6% previously. It is now the lowest it has been in three years.
Read More