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U.S. consumers’ inflation expectations unchanged in December, survey shows -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A man strolls outside of the Federal Reserve Bank of New York, New York City, U.S.A, 12 October 2021. REUTERS/Brendan McDermid

(Reuters] – After several months of inflation increases, short-term inflation expectations remained stable in December. On Monday, the New York Federal Reserve released a survey that showed consumers were more positive about their prospects for securing a job.

According to the New York Fed’s monthly consumer survey, 6.0% was the median expectation for inflation in one year. The survey also showed that consumers’ inflation expectations for the next three years remained stable at 4.0%.

The expectations of consumers regarding how high the price of basic items like food, gas and other essentials will go up in the coming year were lower.

A rotating panel of around 1,300 households is used to base the monthly consumer survey.

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