Fed Study Reveals How Long US Consumers Expect Roaring Inflation to Persist

Grocery shopping in Rosemead, Calif., on April 21, 2022. Frederic J. Brown/AFP via Getty Images

A New York Fed research paper said American consumers expect no relief from high prices in the near-term, believing the current bout of roaring inflation will keep percolating for the next twelve months before finally losing steam over a three-year horizon.

A new analysis from the New York Fed found that U.S. consumers polled about their future inflation expectations said they think prices will continue to trend higher over the coming year before falling and staying low.