LONDON, July 12 Reuters The British public39;s expectations for inflation in future years receded in recent weeks to the lowest level in almost a year, a survey showed on Tuesday in welcome news for Bank of England officials who fear price pressures might become embedded.

Consumer inflation expectations continue to fall according to our survey, with 5year expectations briefly touching the lowest since August last year, said Robert Wood, an economist with Bank of America Global Research, citing the bank39;s own survey of consumers.

Last month, the closely watched CitiYouGov survey also showed a decline in longterm public inflation expectations. 

Reporting by Andy Bruce Editing by William Schomberg

Source Reuters