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MNI BRIEF: NY Fed: Year Ahead Price Expectations Fall To 4.2%

(MNI) WASHINGTON

U.S. consumer expectations for inflation a year from now fell eight tenths to 4.2% in February, according to the latest New York Fed survey, while expectations at the three-year horizon were unchanged at 2.7% and at the five-year horizon increased a tenth to 2.6%.

"Expectations about year-ahead price increases for gas, food, cost of rent, college education, and medical care all declined," the Fed bank said. Consumers' year-ahead inflation expectations are now the lowest since May 2021.

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U.S. consumer expectations for inflation a year from now fell eight tenths to 4.2% in February, according to the latest New York Fed survey, while expectations at the three-year horizon were unchanged at 2.7% and at the five-year horizon increased a tenth to 2.6%.

"Expectations about year-ahead price increases for gas, food, cost of rent, college education, and medical care all declined," the Fed bank said. Consumers' year-ahead inflation expectations are now the lowest since May 2021.

Keep reading...Show less