The Wall Street Journal survey found economists now expect U.S. consumer price inflation this year to run above the 3.2% forecast recorded in April.
Economists have raised their forecast for U.S. consumer price index inflation this year to 3.4%, up from 3.2% in a Wall Street Journal survey conducted in April. The revised outlook points to expectations that price pressures will remain somewhat firmer than previously projected, a closely watched signal for markets assessing the path of inflation and interest rates.