US Inflation Expectations at Their Lowest Level in the Last 6 Months

Decline in Inflation Expectations in America

The Federal Reserve Bank of New York has announced the results of the Consumer Expectations Survey for January. Conducted with the participation of approximately 1,300 households, this survey plays an important role in reflecting consumers' views on the economic situation.

Short-Term Inflation Expectations Decline

According to the survey, the median inflation expectation for the next 12 months decreased by 0.3 percentage points to 3.1% compared to the previous month. This figure marks the lowest level in the last six months.

Changes in Specific Price Expectations

Among other notable data, expectations for gasoline prices dropped by 1.2 percentage points to 2.8%. In the area of healthcare, expectations experienced a 0.1 percentage point decline, settling at 9.8%.

Decrease in Rent and Housing Prices

As of January, rent increase expectations also showed a significant decline, falling by 0.9 percentage points to 6.8%. Additionally, the expectation for housing prices decreased by 0.1 percentage points to 2.9%, marking the lowest level recorded since July 2023.

Food Price Expectations Remain Unchanged

The one-year inflation expectation for food prices remained unchanged at 5.7%. The factors influencing consumers' expectations on this issue and market dynamics are important topics to consider for the upcoming period.