Financial and Monetary Systems

Here's why asking the public could be a good predictor of future inflation

The Bank of England uses data to forecast the UK interest rates in order to keep inflation in check. Image: REUTERS/Maja Smiejkowska

Paul Whiteley

Professor, Department of Government, University of Essex

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Financial and Monetary Systems

A bar chart showing inflation forecast for the UK and actual outcomes
CPI Inflation Forecasts by the OBR for March 2022 from November 2017 - March 2022. Image: The Conversation.

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