Inflation & Prices
US Year-Ahead Inflation Views Retreat Again, Lowest Since 2021
- Consumers see prices rising 3.6% in next year, down from 3.8%
- University of Michigan sentiment fell to 62 from 67 last month
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US year-ahead inflation expectations receded further at the end of March to the lowest in nearly two years, though consumers remained relatively downbeat about the economic outlook.
Consumers expect prices will climb at an annual rate of 3.6% over the next year, down from 3.8% earlier in the month and 4.1% in February, according to the final March reading from the University of Michigan. They see costs rising 2.9% over the next five to 10 years, data out Friday showed.