# Inflation attitudes of large language models

> Inflation attitudes of large language models. A business report — sourced from Bank of England Publications.

*Section: Business — By Marcus Vale (Editor-in-Chief & Business & Markets Editor) — Published July 12, 2026 — 1 min read*

Canonical URL: https://dailyjunction.org/business/inflation-attitudes-of-large-language-models
Tags: attitudes, bank of england, business, cost of living, inflation, language, large

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A new research paper from the Bank of England examines the attitudes of large language models towards inflation, finding that the AI systems that are increasingly used to analyse economic data and inform decision-making may have biases that affect their economic assessments.

The paper tests several of the most widely used large language models by asking them to analyse economic data, summarise central bank communications and answer questions about monetary policy. It finds that the models' responses are influenced by the data on which they were trained and that some models exhibit systematic biases — for example, a tendency to see inflation as higher than it actually is, or to recommend tighter monetary policy than the data would support.

The paper's findings have significant implications for the use of AI in economic analysis. If the models that are used to inform economic decisions are biased, the decisions themselves may be biased, with consequences for the real economy. The authors argue that users of AI in economic analysis need to be aware of the potential for bias and to validate the outputs of AI systems against independent sources of evidence.

The paper is part of a growing body of research on the implications of AI for central banking, an area that the Bank of England has identified as a priority for its research programme. The Bank has said it will use the findings to inform its own use of AI and to contribute to the development of standards for the use of AI in economic analysis.

## Sources

- [Bank of England Publications](https://www.bankofengland.co.uk/working-paper/2026/inflation-attitudes-of-large-language-models)

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