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UK public inflation expectations fall in April – Citi/YouGov

© Reuters. FILE PHOTO: People shop at a supermarket amid the coronavirus disease (COVID-19) outbreak, in London, Britain December 24, 2021. REUTERS/Kevin Coombs

LONDON (Reuters) – The British public’s expectations for inflation have fallen after rising for several months, according to a survey that will be noted by the Bank of England as it considers how fast it needs to keep raising interest rates.

U.S. bank Citi and polling firm YouGov (LON:YOU) said their gauge of expectations for inflation in five to 10 years’ time fell to 4.2% in April from 4.4% in March.

Public inflation expectations for the coming 12 months declined to 6.0% from March’s record high of 6.1%.

UK public inflation expectations fall in April: Citi/YouGov

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