LONDON, Aug 3 (Reuters) - 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.
(Reporting by David Milliken; Editing by Kate Holton)
YouGov (YOU)
