UK short-run inflation expectations edge up to 2.7 percent: Citi/YouGov

Image
Reuters LONDON
Last Updated : Nov 23 2018 | 6:06 PM IST

LONDON (Reuters) - The British public's expectations for inflation over the coming year edged up this month, but longer-term expectations dropped to an eight-month low, a monthly survey showed on Friday.

Year-ahead inflation expectations rose to 2.7 percent in November from October's 2.6 percent, while expectations for the next five to 10 years sank to 3.1 percent from 3.2 percent, the lowest since March, the Citi/YouGov survey showed.

"The decline could be the result of the increasingly palpable impact of Brexit uncertainty on the growth outlook - although no deal is likely to lead to higher inflation in the short-run - or a continued reaction to falling oil prices," Citi economists Christian Schulz and Ann O'Kelly wrote.

The data is based on a YouGov poll of 2,035 adults conducted on Nov. 20 and Nov. 21.

(Reporting by David Milliken; editing by Stephen Addison)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 23 2018 | 5:57 PM IST

Next Story