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UK public inflation expectations stabilise after jump - Citi/YouGov

·1-min read
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in London
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in London

LONDON (Reuters) - The British public's expectations for inflation held steady in October after a big jump in September when the COVID-19 pandemic flared up again, a survey showed on Tuesday.

Expectations for inflation in a year's time stayed put in October at 3.2%, U.S. bank Citi and polling firm YouGov said.

The outlook for inflation in five to 10 years' time eased a little to 3.5% from 3.6% in September.

"Household inflation expectations remain anchored, but further increases could suggest challenges," economists from Citi said.

(Reporting by William Schomberg, writing by Andy Bruce, editing by David Milliken)