Bank of England/Ipsos Inflation Attitudes Survey - May 2026:

Asked to give the current rate of inflation, respondents gave a median answer of 5%, up from 4.6% in February 2026. Median expectations of the rate of inflation over the coming year were 4%, up from 3.2% in February 2026. Asked about expected inflation in the twelve months after that, respondents gave a median answer of 3.5%, up from 3.2% in February 2026. Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.9%, up from 3.7% in February 2026.