In its latest MoneyMood survey, Legal & General found that nine out of 10 respondent households expect inflation to be higher, or to remain at today’s level (3.5%), over the next 12 months.
Only one in 10 households were hopeful that inflation would ease and more than half thought that inflation would be higher than any rise in their earnings over the next year.
Only one in 10 households were hopeful that inflation would ease and more than half thought that inflation would be higher than any rise in their earnings over the next year.