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UK public's inflation expectations ease back in August - Citi/YouGov

Published 26/08/2015, 16:52
© Reuters. A man chooses apples in an Asda store in northwest London

LONDON (Reuters) - The British public's expectations for inflation in the next 12 months fell back this month after hitting an eight-month high during July, according to a survey published on Wednesday.

The monthly YouGov/Citi survey found year-ahead inflation expectations fell to 1.4 percent from 1.6 percent in July.

Expectations for inflation over the next five to 10-years fell to 2.7 percent in August from 2.8 percent in July.

© Reuters. A man chooses apples in an Asda store in northwest London

Official figures earlier this month showed British consumer prices inched up in July and core inflation hit a five-month high.

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