Posted on 11/14/2022 10:06:46 AM PST by BenLurkin
Inflation expectations for the year ahead rose to 5.9%, up half a percentage point from September to the highest level since July, according to the New York Fed’s monthly Survey of Consumer Expectations. Three-year expectations also accelerated to 3.1%, while the five-year outlook rose to 2.4%, respective increases from 2.9% and 2.2%.
At the root of the heightened worries was an expected jump in prices at the pump, which have been declining over the past month.
The year-ahead projection for food prices increased, with consumers now anticipating a 7.6% increase, up from 6.8% in September. The outlook for medical costs and rent were little changed, with the latter up 0.1 percentage point, while the expectations for college costs fell to 8.6%, a 0.4 percentage point decline from September.
(Excerpt) Read more at cnbc.com ...
People must be thrilled with this news. It’s what so many apparently voted for.
Draining the Strategic Petroleum Reserve has served it’s purpose on election day. Now it is time to let gas prices rise again and blame the oil companies.
Propane and heating oil by region, as of 11-7:
https://www.eia.gov/dnav/pet/pet_pri_wfr_a_EPLLPA_PRS_dpgal_w.htm
bttt
Look for the thousand cheeseburger and rejoice.
thousand dollar
Already up $.15 cents a gallon since then, here.
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