Inflation outlook for consumers falls from record, Fed survey shows


A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022.

David Paul Morris | Bloomberg | Getty Images

Consumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a Federal Reserve survey released Monday shows.

Inflation expectations over the next year fell to a median 6.3%, a 0.3 percentage-point decrease from the record high in March, according to data going back to June 2013. On a three-year basis, expectations rose 0.2 percentage point to 3.9%, which itself is 0.3 percentage point off the record.

The data comes with 12-month inflation in March running at 8.5%, the highest…


0 0 votes
Article Rating

Americans say inflation may have a ‘big negative impact’ on goals

Previous article

El Salvador buys 500 bitcoin as crypto market sell-off continues

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy