LONDON, July 3 (Reuters) - The British public's expectations for inflation over the coming year rose in June, U.S. bank Citi said on Monday as it published a monthly survey conducted by market research company YouGov.
Public expectations for inflation in 12 months' time increased to 5.0% in June from 4.7% in May while expectations for the long term fell to 3.3% from 3.5%.
The Bank of England is watching measures of inflation expectations as it worries about price growth pressures in the economy. It stepped up its attempts to bring down inflation last month with a bigger-than-expected half-a-percentage-point interest rate increase. (Reporting by David Milliken Editing by William Schomberg)
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