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Long-Term Inflation Expectations Reach 12-Year High

Long-Term Inflation Expectations Reach 12-Year High
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Commentary

According to the University of Michigan, inflation expectations for the next five to 30 years reached a 12-year high of 3.2 percent. At the same time, the consumer sentiment index declined to 63.5, compared with a pre-pandemic high of 300. The deterioration in the situation of consumers is evident.

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