The latest Citi/YouGov survey found that the UK public’s
one-year inflation expectations jumped to 3.9% in February from 3.5% in January.
That marked the reading since January 2024.
Meanwhile, expectations for the 5- to 10-year-period climbed to 3.9% from 3.7% in the previous month.
Citigroup noted that the February pickup in inflation
expectations will be a challenging but, perhaps, predictable outcome for the
Bank of England.