Posted on 11/08/2021 1:05:14 PM PST by ChicagoConservative27
Consumers’ short-term inflation expectations reached a record high in October, according to survey results released Monday by the Federal Reserve of New York.
Heads of households surveyed by the New York Fed expected consumer prices to rise by a median of 5.7 percent over the next year, according to the bank’s October Survey of Consumer Expectations. The one-year inflation rate projected by consumers rose 0.4 percentage points since September and reached the highest level since the survey began in 2013.
The median expectation for the inflation rate for the next three years stayed even at 4.2 percent, a record set last month.
(Excerpt) Read more at thehill.com ...
Carter was naive- Biden is evil.
Let’s Go Brandon!
In general, meat has gone up a dollar a pound. That’s 10 to 30 percent depending on the cut
1lb of 93% lean hamburger is $6.85 here in Illinois. Gallon 2% milk $4.00. Gas is $3.60-$3.85 depending on station.
Stop buying so much.
8-10 percent per year by March. Next year 9-14%.
Is this supposed to be a surprise to anyone....other than Captain Dementia and his side kick The Cackler? Even a blind man could fail to see the trend in prices and even if they couldn’t the administration is feeding those expectations by almost daily stating that inflation is going to get worse, that inflation is going to be around at least another year.
The only thing this misadministration is actually successful at is sowing fear, discord, racial conflict and destroying national morale.
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