–Year-Ahead Expectations Rise To 3.3% y/y In Nov Vs 3.0% In Oct
–Long-Term Inflation Expectations Also Rise – To 3.5% Y/Y
LONDON (MNI) – The YouGov/Citi survey of UK inflation expectations
among the general public has revealed a further climb in short-term
and long-term inflation expectations.
The median for inflation expectations in the year ahead rose to
3.3% y/y in November from 3.0% y/y in October.
Year-ahead expectations are now the highest since September 2008 –
and, indeed, year-ahead inflation expectations have only been higher in
seven months since the survey began in late 2005, Citi/Yougov said.
YouGov also report that the median for longer-term inflation
expectations (next 5-10 years) rose to 3.5% in November from 3.4% in
October.
Longer-term inflation expectations also are the highest since 2008.
There was a matching 3.5% reading in September 2008, Yougov said.
–London Newsroom: Tel:+44 207 862 7492;email: wwilkes@marketnews.com
[TOPICS: M$$BE$,MT$$$$,M$B$$$]
