Americans are worried about rising health care costs, and their expectations about paying more for food and other commodities also trended upward in November, the Federal Reserve Bank of New York reported in its latest Survey of Consumer Expectations.
The Dec. 8 report that surveyed a rotating mix of 1,200 heads of households throughout November indicated that expectations of rising inflation held steady for the short term but decreased slightly over a longer five-year horizon. Expectations for increases in the cost of homes also remained flat for the sixth consecutive month.
