New York Fed survey: US consumer inflation expectations remain high at 6%

U.S. consumer confidence for next year's inflation remains at an all-time high of 6%, according to a new survey of consumer data by the Federal Reserve Bank of New York on January 11. 4%. Surveys show families are more optimistic about running a business, expect more money, and hope for better jobs. When assessing consumer expectations, households in the South and West expect higher incomes than those in the Midwest and Northeast. Americans expect prices to rise faster in categories such as housing and health care, which include most household expenses and are hard to replace items. Rent, medical care, and school fees should all be over 8%. Correspondents expect food growth to slow until the middle of next year, with food growth slowing to 7.8%, the slowest pace since July. The report also shows that the consensus on revenue growth is reaching new heights. (Ten of gold)