Sunday, April 21

Day: August 3, 2021

UK public’s inflation expectations jump in July
Featured, United Kingdom

UK public’s inflation expectations jump in July

The British public's expectations for inflation over the coming year rose sharply in July to 3.1% from 2.8% in June, although they remain below a recent peak of 3.8% recorded in December, a monthly poll from Citi and YouGov showed on Tuesday. Longer-term inflation expectations for the next five to 10 years held steady at 3.4%. The move here likely reflects the noticeable pick-up in goods prices in recent months, and anticipated energy price increases later in the year. For now, these short-term effects don't seem to be feeding into longer-term expectations, Citi economists said in a note to clients.