UK Inflation Expectations Plummet to Five-Month Low Amid Global Oil Price Surge
UK households' inflation expectations have hit a five-month low in July 2026. According to data, one-year-ahead inflation expectations declined from 3.8% in June to 3.4%, marking the lowest reading since February.
This significant drop marks a retreat from the March high of 5.4% that followed the initial US strikes on Iran. Longer-term expectations also eased to 3.7% from 3.9%