Inflation expectations rising – NY Fed survey

New York Fed
Jazz Guy

US consumers expect inflation to reach 4% in the coming year, according to the May 2021 Survey of Consumer Expectations.

The New York Fed’s monthly survey, published June 14, found that older and less-educated respondents reported increased inflation expectations. The survey found that consumers predicted food, commodities and housing prices to rise at increased rates. Food prices are predicted to increase by 8%, up from 5.8% in April.

The survey found that the median expectation for

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