British households' expectations for inflation over the next 12 months rose to 2.8 percent in July 2019 from 2.6 percent in the previous month, the Citi/YouGov survey showed. Longer-term inflation expectations increased to 3.4 percent from 3.3 percent in June. Inflation Expectations in the United Kingdom averaged 2.43 percent from 1999 until 2019, reaching an all time high of 4.60 percent in June of 2008 and a record low of 0.80 percent in December of 2008.
Inflation Expectations in the United Kingdom is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Expectations in the United Kingdom to stand at 2.00 in 12 months time. In the long-term, the United Kingdom Inflation Expectations is projected to trend around 2.00 percent in 2020, according to our econometric models.