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- U.S. consumer inflation expectations fall to 2.60 percent in April
U.S. consumer inflation expectations fall to 2.60 percent in April
Survey of Consumer Expectations, released by the Federal Reserve Bank of New York’s Center for Microeconomic Data, revealed a decline in short- and medium- term inflation expectations in April.
According to the report, median inflation expectations dropped by 0.2 percentage points at both the one-year and three-year horizon, to 2.6% and 2.7% in April respectively, their lowest readings since late 2017. The decreases were broad-based across income groups.
Median home price change expectations remained stable at 3.0% in April, the fifth consecutive reading at this level, while expectations for changes in the cost of a college education and medical care rose to 7.2% and 7.8% in April, from 5.8% and 7.5% in March, respectively. The median one-year ahead expected change in gasoline prices increased to 4.9% in April from 4.7% in March.
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