
- Median inflation expectations were unchanged at 3.0 percent at both the one- and three-year-ahead horizons in January. Median five-year-ahead inflation expectations rose by 0.3 percentage point (ppt) to 3.0 percent.
- Year-ahead commodity price expectations rose across the board in January, increasing to 2.6 percent for the price of gas (+0.6 ppt), to 4.6 percent for the price of food (+0.6 ppt), to 6.8 percent for the cost of medical care (+1.0 ppt), to 5.9 percent for the cost of college (+0.2 ppt), and to 6.0 percent for rent (+0.5 ppt).
- The mean perceived probability of losing one’s job in the next twelve months increased by 2.3 ppt to 14.2 percent in January, while the mean perceived probability of finding a job in the next three months also increased to 51.5 percent (+1.3 ppt).
- Median household spending growth expectations declined by 0.4 ppt to 4.4 percent, its lowest reading since January 2021.
For more details:
Press Release: Inflation Expectations Stable; Household Spending Growth Expectations Decline