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08.12.25 - 19:12
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NY Fed Consumer Survey Shows Steady Inflation, Despite Soaring Expectations For Medical Care Costs (ZeroHedge)
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NY Fed Consumer Survey Shows Steady Inflation, Despite Soaring Expectations For Medical Care Costs
US consumer inflation expectations were stable in November while perceptions about households current financial situations deteriorated "notably" and perceptions about job prospects improved, according to the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York.
Median inflation expectations a year ahead was little changed at 3.2% last month, down from 3.24% in November, while expected inflation three and five years ahead remained at 3%, according to responses in the New York Fed's monthly Survey of Consumer Expectations, published Monday.
Median year-ahead commodity price change expectations increased by 0.2 percentage point for food (to 5.9%), 0.6 percentage point for gas (to 4.1%), 0.7 percentage point for the cost of medical care (to 10.1%), 0.2 percentage point for the cost of a college education (to 8.4%) and by 1.1 percentage points for rent (t...
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