U.K. Inflation Expectations Climb to Three-Year High, BOE Says

Britons’ inflation expectations climbed to their highest level in three years last month, underlining the impact soaring prices are having on households.

U.K. consumers questioned in August expected prices to increase 4.2 percent over the next year, the Bank of England said in a quarterly survey published in London today. That’s up from a reading of 3.9 percent in May.