Tiger'sTroveTrail| New York Fed: Consumer one-year inflation expectations rose to new high since November in April

According to the New York Fed Consumer Expectations Survey, one-year inflation expectations for April were from the previous month.Tiger'sTroveTrailthe 3Tiger'sTroveTrail.00% increased to 3Tiger'sTroveTrail.26%, since November last yearTiger'sTroveTrailthe highest level.

The report stated:

Median house price growth expectations rose to 3.3%, the highest since July 2022

The median expected profit growth rate for the next year fell 0.1 percentage point to 2.7%

Median household spending growth expectations rose 0.2 percentage points to 5.2%

Consumers expect gasoline prices to rise 4.78%, food prices to rise 5.31%, medical bills to rise 8.69%, college education prices to rise 9.02%, and rental prices to rise 9.12% in the next year.

12.93% of consumers expect to be unable to pay their minimum debt in the next three months, compared with 12.90% in the previous month