LONDON (Reuters) – The British public’s expectations for inflation in 12 months’ time rose to a record high of 4.8% in January, according to a survey from YouGov and Citi.
Long-term expectations for inflation in five to 10 years’ time were stable at 3.8%.
“Today’s data, especially the level of long-term expectations, suggest elevated risk inflation expectations could become de-anchored to the upside as inflation accelerates in the months ahead. However, for now, we think expectations remain anchored overall,” Citi economists said.
(Reporting by David Milliken; Editing by William Schomberg)
