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UK public's inflation expectations cool in March: Citi/YouGov

Published 03/26/2019, 11:02 AM
Updated 03/26/2019, 11:05 AM
© Reuters. A general view of London's skyline from Heathrow Airport

LONDON (Reuters) - The British public's expectations for consumer price inflation in the year ahead cooled to 2.7 percent this month from 2.9 percent in February, a survey showed on Tuesday.

Longer-term inflation expectations also cooled to 3.0 percent from 3.2 percent, its lowest since May 2017, the survey from U.S. investment bank Citi and polling firm YouGov showed.

"Amid some volatility, long-term inflation expectations keep printing new lows. This establishes a downtrend, potentially due to weaker economic prospects," Citi economists said about the numbers.

Official data last month showed annual consumer price inflation ticked up in February to 1.9 percent, although it remained close to January's two-year low.

© Reuters. A general view of London's skyline from Heathrow Airport

YouGov polled 2,024 British adults on March 19 and March 20.

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