US News

UK public inflation expectations jump in July – Citi/YouGov

© Reuters. FILE PHOTO: The Bank of England can be seen as people cycle through the City of London financial district, in London, Britain, June 11, 2021. REUTERS/Henry Nicholls/File Photo

LONDON (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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

See also  Tech tax v lux levy: le tit-for-tat


Leave a Reply