UK Inflation Expectations Rise in August
Public inflation expectations in Britain increased in August following recent declines, according to a survey by Citi and YouGov. Expectations for the next year rose to 3.9 percent while longer-term price growth forecasts reached 4.1 percent.
Insights:
Public inflation expectations in the United Kingdom rose to 3.9% in August, reversing months of declines according to a survey released on Tuesday. The YouGov and United States bank Citi poll showed long-term price growth expectations climbed to 4.1%, the highest level since April. The uptick presents a hawkish challenge for policymakers as energy costs face upward pressure.
