May 9, 2019 / 1:39 PM / 11 days ago

UK long-run inflation expectations edge up to 3.2 percent - Citi/YouGov

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

LONDON (Reuters) - British long-run public inflation expectations rose back to their long-term average of 3.2 percent last month, while short-run inflation expectations held steady at 2.7 percent, a monthly Citi/YouGov survey showed on Thursday.

The share of respondents who did not know where inflation was likely to head remained higher than normal, which might reflect Brexit uncertainty, Citi’s economists said.

YouGov polled 2,012 adults on April 23 and April 24.

Reporting by David Milliken, editing by Andy Bruce

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