UK inflation expectations jump in September

23 September 2021 | Economics

The British public's expectations for inflation over the next year and over the longer-term jumped this month, raising the risk that the Bank of England will tighten policy to stop them becoming unmoored, Citi said on Tuesday.

The British public's expectations for inflation over the next 12 months surged by a full percentage point in September to 4.1% and expectations for five to 10 years' time rose to 3.8%, Citi said, based on its monthly survey with pollsters YouGov.

"Today's data, especially the movement in long-term expectations, suggest that growing risks inflation expectations could become de-anchored to the upside. The sharp increase risks a hawkish response from the MPC this week," Citi said.- Nampa/Reuters

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