Consumer Inflation Expectations Fall to Lowest Level in a Year

Americans’ expectations for inflation over the next year fell in January to the lowest level in 12 months, according to a survey released Monday by the Federal Reserve Bank of New York.

The median expectation for inflation one year from now declined to 3.1 percent from 3.4 percent in December, matching the January 2025 reading. The decline marks a continuation of the cooling in inflation expectations that began after peaks in mid-2022.

The New York Fed’s Survey of Consumer Expectations showed inflation expectations remained steady at 3.0 percent for both the three-year and five-year horizons, suggesting Americans believe the moderation in…

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