In the April Survey of Consumer Expectations, short- and medium-term inflation expectations rose to 3.0 percent, slightly above the prior month’s readings. Median household spending growth expectations increased by 0.2 percentage point to 3.3 percent, a level well above a trailing twelve-month average of 2.9 percent. Expectations for home price growth rose to 3.7 percent—the highest reading since November 2014 and above a trailing twelve-month average of 3.3 percent.
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Press Release: April Survey of Consumer Expectations Shows Rising Inflation Expectations