Inflation expectations rising – NY Fed survey
Survey finds consumers predicting higher prices, but also better labour market conditions
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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