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Near-term inflation expectations jumped in March by the most in a year, driven by consumer anticipation of higher gas and food prices due to the war in the Middle East.
Updated ·First reported ·1 source
Summary
Near-term inflation expectations rose in March by the most in a year, reportedly as consumers anticipated higher gas and food prices linked to the war in the Middle East. The figures come from a Federal Reserve Bank of New York survey released Tuesday, according to Bloomberg Markets.
Key Facts
- •Near-term inflation expectations jumped in March by the largest amount in a year.[1]unverified
- •Consumers anticipate higher gas and food prices due to the war in the Middle East.[1]unverified
- •The data is derived from a Federal Reserve Bank of New York survey.[1]unverified
Locations
IranIran, Middle East
32.43, 53.69United StatesUnited States, Americas
37.09, -95.71Sources (1)
- initial report
Changelog
initial reportv1
Automated synthesis
Show summary
Near-term inflation expectations rose in March by the most in a year, reportedly as consumers anticipated higher gas and food prices linked to the war in the Middle East. The figures come from a Federal Reserve Bank of New York survey released Tuesday, according to Bloomberg Markets.
- • Near-term inflation expectations jumped in March by the largest amount in a year.
- • Consumers anticipate higher gas and food prices due to the war in the Middle East.
- • The data is derived from a Federal Reserve Bank of New York survey.