US November One-Year Inflation Expectation Rises to 4.7%
Preliminary figures show US one-year inflation expectations exceeded forecasts, while long-term expectations eased from prior levels.
Summary
Preliminary data for November indicates the United States’ one-year inflation expectation at 4.7%, above the 4.6% forecast and previous reading of 4.60%. The five-to-ten-year inflation expectation came in at 3.6%, below both the 3.8% forecast and the earlier 3.90% level, suggesting differing short- and long-term inflation outlooks.
Terms & Concepts
- Inflation Expectation: An estimate of the rate at which prices are anticipated to rise over a specified future period.