June 1, 2020 / 10:12 AM / a month ago

UK inflation expectations for year ahead stay above average-Citi/YouGov

LONDON, June 1 (Reuters) - The British public’s average expectations for inflation over the next 12 months remained higher than average at 3.1% last month but extended the largely stable pattern after jumping in March as the coronavirus crisis escalated, a survey showed.

The Citi/YouGov inflation survey, published on Monday, also showed inflation expectations for 5-10 years ahead increased to 3.0% in May from 2.9% in April.

The survey of 2,014 people was conducted by YouGov on May 22 and May 23. (Reporting by David Milliken Writing by William Schomberg)

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