US Consumers’ Inflation Outlook Slides for 3rd Straight Month: University of Michigan

While indicators suggest affordability is improving, surveys continue to highlight that households are worried about day-to-day costs.

People shop at a grocery store in Columbia, Md., on June 8, 2024. Madalina Vasiliu/The Epoch Times

U.S. consumers’ inflation expectations for the year ahead declined for the third consecutive month in November, according to the University of Michigan’s widely watched survey released Nov. 21.

The one-year inflation outlook slowed to 4.5 percent, down from the preliminary estimate of 4.7 percent—the lowest level since July.