UK public inflation expectations declined in November and December last year ...Middle East

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UK public inflation expectations declined in November and December last year
In October, UK public inflation expectations for the 12 months ahead were at 4.2% but that fell to 3.9% in November and then to 3.5% in December last year. The declining trend is a positive takeaway at least but there is a risk of price pressures becoming more entrenched and stubborn in the months to come.For now, the outlook is still that inflation will keep above 2% and that will keep the BOE on their toes. Luckily for the central bank, the economy is proving to be more resilient to start the year at least. This article was written by Justin Low at www.forexlive.com.

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