Inflation & Prices
US Year-Ahead Inflation Views Drop to Lowest Since June 2021
- Consumers see prices up 4.4% in next year in Michigan survey
- Sentiment improved to 59.7 in final December reading
A customer shops at a grocery store in Portland, Oregon.
Photographer: Thomas Teal/BloombergThis article is for subscribers only.
US short-term inflation expectations fell further at the end of the year and consumer sentiment improved, reflecting easing price pressures and relief at the gas pump.
Respondents said in December they expect prices to advance 4.4% over the next year, the lowest since June 2021 and below the preliminary reading, the University of Michigan’s final survey of consumers showed Friday. Over the next five to ten years, expectations ticked down to 2.9%.