December 19, 2019 / 1:55 PM / a month ago

UK public inflation expectations ease in December - Citi/YouGov

FILE PHOTO: A shopping trolley is pushed around a supermarket in London, Britain, May 19, 2015. REUTERS/Stefan Wermuth

LONDON (Reuters) - The British public’s expectations for inflation in the coming 12 months fell to 2.3% in December from 2.6% in November, according to a survey from U.S. investment bank Citi and pollsters YouGov on Thursday.

Expectations for inflation in five to 10 years’ time also cooled to 2.9% from 3.0% previously, according to a poll of 2,076 people conducted between Dec. 16 and Dec. 17.

“As in the previous months, we attribute at least some of the decline to the receding probability of a no-deal Brexit,” Citi economists wrote in a statement.

Reporting by Andy Bruce, editing by David Milliken

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