December 2, 2019 / 11:50 AM / 8 days ago

UK public inflation expectations dip in November - Citi/YouGov

FILE PHOTO: Shoppers browse in an Aldi store in London, Britain, February 15, 2018. REUTERS/Peter Summers

LONDON (Reuters) - The British public’s expectations for inflation over the next 12 months fell to their lowest level since June, a survey by polling company YouGov for U.S. bank Citi showed on Monday.

Year-ahead inflation expectations edged down to 2.6%, returning to the average level since the Brexit referendum in 2016, from 2.7% in October, while those for the next five to 10 years also dipped to 3.0% from 3.1%.

YouGov conducted the poll of 2,037 people on November 25 and 26.

Reporting by Andy Bruce; Writing by William Schomberg

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