Expectations on inflation decline further: New York Fed
13 Sep 22 1 min read
The one-year measure fell to 5.7 per cent from 6.2 per cent in July, while the three-year measure fell to 2.8 per cent from 3.2 per cent.
Expectations about year-ahead price increases for gas also continued to decline, with households now expecting gas prices to be roughly unchanged a year from now.
Median five-year-ahead inflation expectations, which have been elicited in the monthly SCE core survey on an ad-hoc basis since the beginning of this year and were first published in July this year, also declined to 2 per cent from 2.3 per cent. Disagreement across respondents in their five-year-ahead inflation expectations also declined in August.
Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—decreased at the short-term horizon and was unchanged at the medium-term horizon.
Fibre2Fashion News Desk (DS)
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