Monthly NY Fed Survey: Median inflation expectations 1-yr ahead 3.1% vs 3.0% last month

Monthly NY Fed survey

A monthly New York Fed survey is showing:

• median expectations for how much gas and rent prices will increase over 1 year rose to highest level since 2013
• one year expected change in gas prices increased to 9.6% in February from 6.2% in January
• median expectations for one year change in cost of rent increased to 9.0% in February from 6.4% in January
• median year had inflation expectations increased to 3.1% in February from 3.0% in January
• expectations for inflation or 3 years were unchanged 3%