> UK public inflation expectations cool again: Citi/YouGov survey

UK public inflation expectations cool again: Citi/YouGov survey

The British public's predictions for inflation cooled again in January, according to a survey on Tuesday that should further comfort to the Bank of England that high prices will not become permanently embedded in expectations.

Tuesday, 31/01/2023 | 08:32 GMT-0

Reuters Note

The British public's predictions for inflation cooled again in January, according to a survey on Tuesday that should further comfort to the Bank of England that high prices will not become permanently embedded in expectations.

U.S. bank Citi and polling firm YouGov said inflation expectations for five to 10 years ahead fell to 3.5% from 3.6% in December - within touching distance of the 3.0% to 3.4% range seen ahead of the COVID-19 pandemic.

For inflation in a year's time, expectations in January fell to 5.4% from 5.7% in December.

- A counterpoint to the Kantar (grocery price) data we had moments ago