The British publics expectations for inflation over the next 12 months held at its lowest level in more than four years, in sharp contrast to a recent rise in market expectations, Bank of England data showed on Friday.

Average expectations for inflation over the next 12 months remained at 2.7 its lowest reading since August 2016 alongside Novembers figure.

Asked about inflation for the following year, the public saw it at 2.2, compared with 2.1 in November, while longerterm inflation was expected to hold steady at 2.9, just above a fiveyear low recorded in August 2020.

Reporting by David Milliken, editing by Andy Bruce

Source Reuters