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Supporting information:

J5 Marketscope Survey - Expectations of inflation

This table is based upon the Marketscope survey, which is conducted in the middle of the reference month by ACNielsen as part of their omnibus survey of the general public.

The questions asked are:

1. Current inflation perceptions:

Based on your own opinions and what you've seen and heard, what do you think the inflation figure is now?

2. Expected change:

In 12 months time, do you expect the inflation figure to be higher, lower or the same?
(NB. Net per cent expecting higher inflation refers to the percentage expecting higher inflation, minus the percentage expecting lower inflation.)

3. Expected inflation:

What do you think the actual figure will be in 12 months time?

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J5 - MARKETSCOPE SURVEY OF EXPECTATIONS OF INFLATION



Median Current Inflation

Mean Current Inflation

Net Percent Expecting Higher Inflation

Median Expected Inflation

Mean Expected Inflation

1995

Feb

2.8

3.6

55.0

3.5

4.5


May

3.0

3.6

42.0

3.9

4.2


Aug

n/a

3.6

33.0

n/a

4.1


Nov

n/a

3.7

35.0

n/a

4.2

1996

Feb

2.5

3.3

39.0

3.0

3.8


May

2.5

2.9

46.0

3.0

3.6


Aug

2.5

3.3

48.0

3.0

3.9


Nov

2.5

3.1

43.0

3.0

3.9

1997

Feb

2.6

3.1

48.0

3.0

3.7


May

2.5

3.2

43.0

3.0

3.9


Aug

2.5

3.0

52.0

3.0

3.7


Nov

3.0

3.3

54.0

3.0

4.0

1998

Feb

2.5

3.3

50.0

3.0

4.0


May

2.5

3.3

49.0

3.0

4.0


Aug

2.5

3.4

38.0

3.0

3.9


Nov

2.0

2.9

37.0

3.0

3.4

1999

Feb

2.0

2.7

41.0

2.5

3.3


May

2.0

2.3

50.0

2.2

3.1


Aug

2.0

2.7

49.0

3.0

3.5


Nov

2.5

3.1

53.0

3.0

4.0

2000

Feb

2.5

2.9

56.0

3.0

3.9


May

2.5

3.1

53.0

3.0

3.8


Aug

3.0

3.3

60.0

3.3

4.1


Nov

3.0

3.7

41.0

4.0

4.4

2001

Feb

3.2

3.9

38.0

3.5

4.4


May

3.0

3.2

38.0

3.0

3.7


Aug

3.0

3.4

43.0

3.5

4.0


Nov

3.0

3.6

43.0

3.5

4.1

2002

Feb

3.0

3.3

44.0

3.0

3.9


May

3.0

3.2

47.0

3.0

3.8


Aug

3.0

3.3

43.0

3.2

3.8


Nov

3.0

3.5

39.0

3.0

3.9

2003

Feb

3.0

3.2

50.0

3.0

3.8


May

3.0

3.3

40.0

3.0

3.8


Aug

2.5

2.9

41.0

3.0

3.4


Nov

2.5

3.0

45.0

3.0

3.5

2004

Feb

3.0

3.3

50.0

3.1

3.9


May

2.8

3.2

54.0

3.0

4.0


Aug

3.0

3.6

55.0

3.5

4.4


Nov

3.0

3.7

42.0

3.3

4.1

2005

Feb

3.0

3.4

42.0

3.5

3.8


May

3.0

4.1

57.0

3.5

4.4


Aug

3.0

3.5

52.0

3.5

4.1


Nov

3.5

4.0

56.0

4.0

4.6

2006

Feb

3.2

3.9

47.0

3.8

4.5


May

3.2

4.0

62.0

4.0

4.7


Aug

4.0

4.3

58.0

4.5

5.1


Nov

3.4

3.9

44.0

4.0

4.4

2007

Feb

3.0

3.8

51.0

3.5

4.3


May

3.0

4.1

50.0

4.0

4.5


Aug

3.5

4.2

53.0

4.0

4.9


Nov

3.0

3.8

44.0

3.9

4.4

2008

Feb

3.5

3.8

44.0

4.0

4.2


May

3.6

4.6

45.0

4.0

5.0


Aug

4.0

4.6

28.0

4.1

4.8