The British public’s average expectations for inflation over the next 12 months remained higher than average at 3.1% last month but extended the largely stable pattern after jumping in March as the coronavirus crisis escalated, a survey showed.

The Citi/YouGov inflation survey, published on Monday, also showed inflation expectations for 5-10 years ahead increased to 3.0% in May from 2.9% in April.

The survey of 2,014 people was conducted by YouGov on May 22 and May 23.

Source – Reuters