UK public's inflation expectations pick up in July - Citi/YouGov

Credit: REUTERS/HENRY NICHOLLS

British households' expectations for inflation over the next 12 months rose to 2.8% in July from 2.6% in June, according to a survey from U.S. investment bank Citi and pollsters YouGov.

LONDON, Aug 12 (Reuters) - British households' expectations for inflation over the next 12 months rose to 2.8% in July from 2.6% in June, according to a survey from U.S. investment bank Citi and pollsters YouGov.

Longer-term inflation expectations rose to 3.4% from 3.3% in June, the Citi/YouGov survey of 2,011 adults showed.

"Rising inflation expectations should ... support hawks at the (Bank of England)," Citi economists Christian Schulz and Ann O'Kelly said.

(Reporting by Andy Bruce, editing by David Milliken)

((andy.bruce@thomsonreuters.com; +442075423484; Reuters Messaging: andy.bruce.thomsonreuters.com@reuters.net))

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