(Bloomberg) -- U.K. households are more pessimistic about the outlook for inflation than at any time in five years, according to Citigroup and YouGov. And with oil prices up 40 percent in the past year and above $80 a barrel again, there's potential for concerns to intensify. Citi says that above-average inflation expectations “could risk becoming self-fulfilling and thus a concern for Bank of England rate setters.”
To contact the reporter on this story: Fergal O'Brien in Zurich at fobrien@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Andrew Atkinson, Kevin Costelloe
©2018 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
