UK public's inflation expectations hit 8-month high in July - Citi/YouGov

LONDON, Aug 4 (Reuters) - The British public's expectations for inflation in the next 12 months rose last month to their highest level since November 2014, according to a survey published on Tuesday.

The monthly Citi/YouGov (LSE: YOU.L - news) poll found year-ahead inflation expectations rose to an eight-month high of 1.6 percent in July from 1.4 percent in June.

Expectations for inflation over the next five to 10 years rose to 2.8 percent from 2.7 percent.

"The signs that inflation expectations are not being dragged down by the recent run of near-zero readings for CPI (Other OTC: CPICQ - news) inflation ... are likely to make the (Bank of England) more confident that this downside inflation risk is receding a bit," Citi economist Michael Saunders said.

The BoE is due to make a slew of announcements on Thursday, among them its forecasts for inflation, which will give investors a better sense of how soon rates are likely to rise. (Reporting by Andy Bruce, editing by David Milliken)