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READ MOREUK public's inflation expectations hit record high - Citi/YouGov
The British public's expectations for inflation in 12 months' time jumped to a record high in January, according to a monthly survey that will bolster the Bank of England's concerns that the current spike in price growth will prove persistent.
Year-ahead inflation expectations in the monthly Citi/YouGov survey, published on Wednesday, surged to 4.8% in January from 4.0% in December, the highest since this series began in 2006 and almost double their long-run average.
Read more a Reuters
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