© Reuters. People shop at Borough Market in London, Britain July 19, 2023. REUTERS/Anna Gordon/File photo
LONDON (Reuters) – The British public’s expectations for inflation fell in July, U.S. bank Citi said on Wednesday as it published a monthly survey conducted by market research company YouGov.
Public expectations for inflation in 12 months’ time eased to 4.3% from 5.0% in June and expectations for five to 10 years’ time also fell to 3.2% from 3.3%.
The Bank of England is watching measures of inflation expectations closely as it worries about long-term price growth pressures in the British economy.