August 12, 2019 / 8:48 AM / 2 months ago

UK public's inflation expectations pick up in July - Citi/YouGov

FILE PHOTO: Shoppers browse aisles in a supermarket in London, Britain April 11, 2017. REUTERS/Neil Hall/File Photo

LONDON (Reuters) - British households’ expectations for inflation over the next 12 months rose to 2.8% in July from 2.6% in June, according to a survey from U.S. investment bank Citi and pollsters YouGov.

Longer-term inflation expectations rose to 3.4% from 3.3% in June, the Citi/YouGov survey of 2,011 adults showed.

“Rising inflation expectations should ... support hawks at the (Bank of England),” Citi economists Christian Schulz and Ann O’Kelly said.

Reporting by Andy Bruce

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