LONDON, May 28 (Reuters) - The British public's expectations
for inflation in the year ahead cooled slightly this month, a
survey showed on Friday.
Household expectations for price changes in the next 12
month eased to 2.7% from 2.8% in April, the survey from U.S bank
Citi and pollsters YouGov showed.
"As yet, the improving cyclical outlook doesn't seem have
boosted expectations," economists from Citi said.
"Household inflation expectations remain well anchored in
our view. Upside risks that had been evident earlier in the
pandemic now appear to have eased," they added.
However, inflation expectations for five to ten years' time
increased slightly, to 3.4% in May from 3.3% in April.
"These remain elevated ... but have eased off since the peak
of the pandemic," Citi said.
(Reporting by Andy Bruce, editing by David Milliken)
YouGov (YOU)
