(Reuters) -The British public’s short-term inflation expectations remain unchanged at 4% in August, according to a survey published on Friday by bank Citi and opinion poll firm YouGov.<\/p>\n
The country’s longer-term inflation expectations fell to 3.9% from 4.2%, to their level in February, the survey showed.<\/p>\n
“The decline in longer-term expectations for last three month also suggests that progress is occurring, even if slowly,” Citi analysts said in the research note.<\/p>\n
There is still a risk that continued food price inflation could push these figures higher in the coming months, but so far it does not seem to have significantly affected expectations, Citi analysts added.<\/p>\n
Earlier this month, the Bank of England cut interest rates but four of its nine policymakers sought to keep borrowing costs on hold due to concerns over high inflation.<\/p>\n
The BoE, in the latest monetary policy report, revised up its forecast for a peak in inflation to 4% in September from 3.7% and said it would remain alert to the risk that the increase in prices could push up wage deals and longer-term price pressures.<\/p>\n
(Reporting by Angela Christy in Bengaluru, Editing by Franklin Paul)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -The British public’s short-term inflation expectations remain unchanged at 4% in August, according to a survey published…\n","protected":false},"author":2,"featured_media":365607,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,44976,393,4884,18007,1144,712,16,15,1764],"class_list":{"0":"post-365606","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-citi","11":"tag-england","12":"tag-great-britain","13":"tag-inflation-expectations","14":"tag-northern-ireland","15":"tag-scotland","16":"tag-uk","17":"tag-united-kingdom","18":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115074521152257661","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/365606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=365606"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/365606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/365607"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=365606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=365606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=365606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}