American consumers don't expect much inflation in the next year
May 9, 2016, 21:08 IST
One of the questions on the New York Fed's Survey of Consumer Expectations asks respondents what they think inflation will look like in the near future.
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The median consumer's expected one-year ahead inflation rate has been on a mostly downward trend since the New York Fed began the survey in June 2013. In April, the indicator ticked slightly higher up from recent lows, with the median consumer expecting a 2.61% inflation rate over the next year.
