US inflation expectations fall to lowest level in 15 months

06:27 Tue, 30 May

GEO

USD

$ 2.5823

EUR

€ 2.7664

GBP

£ 3.1881

RUB

₽ 0.0323

TRY

₺ 0.0013

AZN

₼ 0.0152

XRP

0.4920

12.Dec .2022 13:30

US inflation expectations fall to lowest level in 15 months

393

Back

US inflation expectations declined in December to the lowest level in 15 months, according to a survey released.

"Inflation expectations improved considerably but remained relatively high, falling from 4.9% to 4.6% in December, the lowest reading in 15 months, but still well above 2 years ago," according to the University of Michigan's consumer survey preliminary results.

The index of consumer sentiment rose 2.3 points to 59.1 in December, while it stood at 56.8 in November.

"Consumer sentiment rose 4% above November, recovering most of the losses from November but remaining low from a historical perspective," Surveys of Consumers Director Joanne Hsu said in a statement."

The index of current economic conditions increased 1.4 point to 60.2 in December from 68.8 in November, while the index of consumer expectations soared 2.8 points to 58.4, from 55.6, during that period, AA reports.