Expectations for inflation over a five- to 10-year horizon sank to 3.4% in November after touching their highest in almost seven years in September at 3.6%.
"Despite recent moderation, inflation expectations remain relatively high. Brexit uncertainty has previously tended to drive inflation expectations higher. However, COVID-related reconfiguration might also be playing a role," Citi economists wrote in a note to clients.
YouGov polled 2,016 adults on Nov. 21 and Nov. 22.
(Reporting by David Milliken; Editing by William Schomberg)