Inflation & Prices
US Short-Term Inflation Expectations Hit Lowest Since 2021
- Year-ahead inflation views at 3.1%, matching preliminary
- University of Michigan sentiment index at five-month high
A customer places items on a checkout counter at a grocery store in Salt Lake City, Utah.
Photographer: George Frey/BloombergThis article is for subscribers only.
US consumers remained sanguine about the inflation outlook as 2023 drew to a close, contributing to a robust rebound in sentiment.
Americans expect prices will climb at a 3.1% rate over the next year, according to the final December reading from the University of Michigan, matching the preliminary figure and the lowest since March 2021.