U.S. consumers' inflation expectations unchanged in December, survey shows
Source: Reuters, via Yahoo! Finance
Reuters
U.S. consumers' inflation expectations unchanged in December, survey shows
Mon, January 10, 2022, 11:00 AM
Jan 10 (Reuters) - Short-term inflation expectations held steady in December after several months of increases and consumers became more optimistic about their job prospects, according to a survey released by the New York Federal Reserve on Monday.
Median expectations for what inflation will be in one year were unchanged at 6.0%, according to the New York Fed's monthly survey of consumer expectations. Consumers' expectations of what inflation could be in three years also stayed steady at 4.0%, the survey showed.
Consumers lowered their expectations for how much the prices of essential items, such as food and gas, will rise in the year ahead.
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