July 1, 2019 / 4:03 PM / 3 months ago

UK households' view on inflation stable for year ahead - Citi/YouGov

FILE PHOTO: A shopper checks her shopping list in a supermarket in London, Britain April 11, 2017. REUTERS/Neil Hall

LONDON (Reuters) - The British public’s expectations for inflation over the coming year remained unchanged in June at 2.6% but for 5-10 years’ time it rose slightly to 3.3%, a monthly survey by Citi and polling firm YouGov showed on Monday.

“It is difficult to compare the survey with official inflation data but the BoE (Bank of England) projects CPI (Consumer Price Index) to rise by 1.7% over the next 12 months, below the 2.4% inflation average since 2005, suggesting that households expect more inflation than the BoE,” Citi said in a note.

The poll surveyed 2,035 adults and was conducted on June 24 and 25.

Writing by William Schomberg; editing by Kate Holton

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