US consumer inflation expectations for the year ahead fell to 6.2% in July of 2022 the Federal Reserve Bank of New York said Monday. This was the lowest reading in five months and down from a record high of 6.8% in June. The bank’s July 2022 Survey of Consumer Expectations shows substantial declines in short-, medium- and longer-term inflation expectations. Expectations fell sharply for gas (-4.2 percentage points to 1.5%, the second largest drop ever) and food price changes (-2.5 … Continue reading “US Consumer Inflation Expectations for Year Ahead Fall to Lowest in Five Months in July”