July 31, 2020 / 6:45 AM / 4 days ago

UK public's inflation expectations near seven-year high

FILE PHOTO: A woman wearing a mask shops at Portobello Road Market, following the outbreak of the coronavirus disease (COVID-19), London, Britain, June 1, 2020. REUTERS/Hannah McKay

LONDON (Reuters) - The British public’s expectations for inflation over the coming year picked up in July to one of the highest levels since 2013, a survey from City and YouGov showed on Friday.

Year-ahead inflation expectations rose to 3.2% in July from 3.0% in June, matching the levels of March and April.

Expectations for five to 10 years ahead rose to a one-year high of 3.3%, up from 3.2%.

The figures were based on a YouGov poll of 2,010 people conducted on July 27 and 28.

Reporting by David Milliken; editing by John Stonestreet

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