The New York
Fed announced on Monday that the U.S. consumer inflation expectations for the
year ahead remained unchanged at 3.0
per cent in March compared to February. Overall,
this was the third straight month the inflation expectations made no change.
According
to the report, the anticipations about year-ahead price change for gas and food
increased by 0.2 percentage point to 4.5 per cent and 5.1 per cent, respectively. At the same
time, expectations for year-ahead changes in the cost of a college education jumped
by 0.7 percentage point to 6.5 per cent, while the perceptions of
year-ahead changes in the cost of medical care climbed by 1.3 percentage points to 8.1 per
cent, and those for the cost of rent surged 2.6 percentage points to 8.7 per cent. Elsewhere, home price growth expectations held steady for the sixth straight
month at 3.0 per cent.
The
three-year-ahead inflation expectations increased to 2.9 per cent in March from 2.7 per cent in February, while the
five-year-ahead inflation expectations declined to 2.6 per cent from 2.9 per cent in the previous month.