Expectations among the British public for inflation over the next 12 months rose to 4.8 percent in January 2022 from 4.0 percent in the previous month, hitting the highest level on record, a survey from YouGov and Citi showed. In addition, long-term expectations for inflation in five to 10 years' time were stable at 3.8 percent, remaining at their joint-highest level in eight years. "Today's data, especially the level of long-term expectations, suggest elevated risk inflation expectations could become de-anchored to the upside as inflation accelerates in the months ahead. However, for now, we think expectations remain anchored overall," Citi economists said. The Bank of England is expected to raise interest rates by another 25bps next month, a second rate hike since the pandemic hit, as inflation rates have been running at more than double the central bank's target levels. source: YouGov/Citigroup
Inflation Expectations in the United Kingdom averaged 2.53 percent from 1999 until 2022, reaching an all time high of 4.80 percent in January of 2022 and a record low of 0.80 percent in December of 2008. This page provides - United Kingdom Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Inflation Expectations - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Inflation Expectations in the United Kingdom is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Inflation Expectations is projected to trend around 2.30 percent in 2023 and 2.00 percent in 2024, according to our econometric models.