UK public inflation expectations fall again, Citi/YouGov survey shows

2022.08.01 09:46

FILE PHOTO: A employee arranges produce inside a Sainsbury’s supermarket in Richmond, west London, Britain, June 27, 2022. Picture taken June 27, 2022. REUTERS/Henry Nicholls/File Photo

LONDON (Reuters) – The British public’s expectations for inflation fell again in July, a survey showed on Monday as the Bank of England watches closely for signs that price pressures might be becoming embedded.

U.S. bank Citi and pollsters YouGov said the expectations for inflation in five to 10 years’ time dropped to 3.8% in July from 4.0% in June.

Inflation expectations for 12 months’ time edged down to 6.0% from 6.1%, the survey showed.

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