KONTAN.CO.ID - Americans’ overall views on inflation were little changed in August, even as they predicted rising price increases for things like rent, homes and food, while downgrading their views of their personal financial situations, the New York Fed reported Monday. The bank said in its Consumer Sentiment Survey for August that respondents see inflation a year from now at 3.6%, up from July’s 3.5%, while they project inflation three years from now to hit 2.8% versus 2.9% in July. Five years from now respondents see inflation at 3% from July’s 2.9%. The relative stability of inflation expectations last month came as the survey found respondents predicted accelerating price increases for a range of key categories.
NY Fed Poll Finds Mostly Stable Inflation Views, More Financial Worries in August
KONTAN.CO.ID - Americans’ overall views on inflation were little changed in August, even as they predicted rising price increases for things like rent, homes and food, while downgrading their views of their personal financial situations, the New York Fed reported Monday. The bank said in its Consumer Sentiment Survey for August that respondents see inflation a year from now at 3.6%, up from July’s 3.5%, while they project inflation three years from now to hit 2.8% versus 2.9% in July. Five years from now respondents see inflation at 3% from July’s 2.9%. The relative stability of inflation expectations last month came as the survey found respondents predicted accelerating price increases for a range of key categories.