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Economics

US Consumers’ Inflation Expectations Slip in New York Fed Survey

A customer shops at at a grocery store in Miami, Florida. — A customer shops at at a grocery store in Miami, Florida.
Photographer: Joe Raedle/Getty Images

By

Alexandre Tanzi

January 9, 2023, 4:00 PM UTC

Consumer expectations for US inflation in one year’s time declined slightly in the latest survey by the Federal Reserve Bank of New York.

Median one-year-ahead inflation expectations declined by 0.2 percentage point to 5% in December, its lowest reading since July 2021. Expectations for inflation three years ahead were unchanged at 3%, according to the New York Fed’s Survey of Consumer Expectations.