Inflation Expected To Surge For At Least Another Year, A Key Economic Indicator Shows

[mystery-ak]

Inflation Expected To Surge For At Least Another Year, A Key Economic Indicator Shows


Harry Wilmerding
Contributor
November 08, 2021 3:20 PM ET


Inflation grew throughout October, increasing for the twelfth consecutive month in a row, according to a key economic indicator.

The median consumer expectation shows inflation will grow to 5.7% in the next year, the highest level since the metric was created in June 2013, according to the New York Federal Reserve’s Survey of Consumer Expectations. The survey respondents project that inflation will grow 4.2% in the next three years.

“Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—increased at both the short- and medium-term horizons. Both measures reached series highs in October,” the survey, conducted across 1,300 rotating households, read.

https://twitter.com/BChappatta/status/1457742847931781121

more
https://dailycaller.com/2021/11/08/inflation-consumer-expectation-new-york-federal-reserve/

[GtHawk]

I'd say at least three more years, until the rodents are evicted from the White House.

[DefiantMassRINO]