U.S. inflation forecast for 2023 decline-UMich
2022.12.23 14:39
U.S. inflation forecast for 2023 decline-UMich
Budrigannews.com – According to a benchmark survey released on Friday, U.S. consumers anticipate that price pressures will significantly decrease in the coming year, with their one-year inflation outlook falling to its lowest level in 18 months in December.
According to the University of Michigan Surveys of Consumers, the bi-monthly reading of overall consumer sentiment and the one-year inflation outlook both decreased from a final reading of 4.9% in November and a preliminary reading of 4.6% two weeks ago to 4.4% this month.
The half-percentage point drop in near-term inflation expectations from November was the largest since September 2020, and that was the lowest level since June 2021.
More Orders for goods in U.S. increased
The outlook decreased to 2.9% at the five-year horizon from 3.0% earlier in December.
