The New York
Fed announced on Monday that the U.S. consumer inflation expectations for the
year ahead increased to 3.0 per cent in November
from 2.9 per cent in October.
According
to the report, the anticipations about year-ahead change in the cost of a
college education surged by 1.0 percentage point to 6.7 per cent while those
for the cost of medical care increased by 0.2 percentage point to 6.0 per cent.
Meanwhile, the expectations for year-ahead changes in the cost of gas and food
decreased by 0.5 percentage point each to 2.7 per cent and 3.8 per cent,
respectively, while those for rent slipped 0.2 percentage point to 5.7 per cent.
Elsewhere, home price growth expectations held steady at 3.0 per cent.
The
report also showed that the three-year-ahead inflation expectations rose to 2.6 per cent in November from 2.5 per cent in October, while the five-year-ahead inflation expectations advanced to 2.9
per cent from 2.8 per cent in the previous month.