A YouGov poll for Citi shows that people expect average inflation in the UK over the next 12 months to hit 3.8%. The figure, which is up from 3.3% in November, is the highest since 2011. The poll of 2,020 people shows that expectations for inflation over a five- to 10-year period held steady at 3.4%. Citi economists said: “Despite recent moderation, inflation expectations remain relatively high.”
Read more: Reuters
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