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UK public inflation expectations continue to ease
The British public’s expectations for the year ahead in terms of inflation has continued its downward trend – according to Citi.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
In research conducted by market researcher YouGov published by the US bank, public expectations for inflation 12 months’ time dropped from 4.4% to 4.2% – while expectations for inflation in five to 10 years’ time were stable at 3.3%.
The findings come a week on from the unexpected halt in inflation drops – with CPI inflation remaining unchanged at 6.7% in the 12 months to September, while CPIH remained stagnate at 6.3% over the same period. Meanwhile on a monthly basis, CPI and CPIH inflation rose by 0.5%.
The largest contributing factors to these figures came from the decrease in food and non-alcoholic beverage costs – where prices fell on the month for the first time since September 2021 – and the rising price of motor fuel.
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