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The Bank of England (BoE) released its quarterly survey. Consumer inflation expectations for the coming year in the UK rose to 2.2% in May from 1.9% in February. February's reading was the lowest level since late 2001.
Inflation expectations for coming two years in the U.K. climbed to 2.3% in May from 2.1% in February.
Consumer price inflation declined 0.1% in April.
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