You are here

UK inflation expectations rise for first time since August: Citi/YouGov

Wednesday, March 25, 2015 - 20:54

[LONDON] The British public's expectations for inflation in the next 12 months and further ahead rose this month for the first time since August, according to a survey published on Wednesday.

The monthly Citi/YouGov poll found year-ahead inflation expectations rose to 1.4 per cent in March from 1.0 per cent in February.

Expectations for inflation over the next five to 10 years rose to 2.8 per cent, up from the record-low 2.6 per cent seen in January and February.

"Although headline CPI inflation is at zero and may well turn slightly negative in coming months, there is no sign that a deflation mentality is taking hold," said Michael Saunders, economist at survey sponsor Citi.

British consumer price inflation fell to zero per cent last month for the first time on record, according to official data on Wednesday.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom