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UK inflation expectations hit record high

by Mike Robinson

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© Reuters. FILEPHOTO: A line of shoppers browses a London grocery store on April 11, 2017. REUTERS/Neil Hall

LONDON, (Reuters) – The expectation of inflation by the British people in twelve months rose to a record 4.8% in January according to a Citi and YouGov survey.

Inflation expectations over the long term were at 3.8% for five to ten years.

“Today’s data, particularly the level long-term expectancies, suggests an elevated risk that inflation expectations will be de-anchored to the upside if inflation increases in the future. Citi economists indicated that they believe expectations will remain grounded for now.

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