UK public inflation expectations continue to ease in September -Citi/YouGov

FILE PHOTO: People shop at Borough Market in London, Britain July 19, 2023. REUTERS/Anna Gordon/File photo

(Reuters) — The British public’s expectations for year-ahead inflation continued to ease in September, U.S. bank Citi said on Thursday as it published a monthly survey by market research company YouGov.

Public expectations for inflation in 12 months’ time dropped to 4.2% from 4.4% in August, while expectations for inflation in five to 10 years’ time were stable at 3.3%.

«For now, these data continue to show UK inflation expectations to be relatively well-anchored,» Citi economist Benjamin Nabarro wrote in a note to clients.

«We also expect these data to continue to ease in the months ahead as headline inflation falls back.»

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