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UK long-run inflation expectations hit record 4.8% - Citi/YouGov

UK long-run inflation expectations hit record 4.8% - Citi/YouGov
UK long-run inflation expectations hit record 4.8% - Citi/YouGov Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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LONDON - British households' expectations for average inflation over the next five to 10 years jumped to a record-high 4.8% in August, well above the Bank of England's 2% inflation target, a monthly survey from Citi and YouGov showed on Wednesday.

Public expectations for inflation over the coming 12 months rose to 6.3%, Citi added.

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