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…