The New York
Fed announced on Tuesday that the U.S. consumer inflation expectations for the
year ahead remained unchanged at 3.0
per cent in September compared to August. Overall, this marked
the fourth consecutive month that the inflation expectations were unchanged.
According
to the report, the anticipations about year-ahead price change for the cost of medical
care declined by 1.4 percentage points to 6.6 per cent, while the perceptions
of year-ahead change in the cost of rent fell by 1.0 percentage point to 6.3 per cent, and those for gas price dropped
0.2 percentage point to 3.4 per cent. Meanwhile, the expectations for
year-ahead changes in the cost of food rose by 0.1 percentage point to 4.4 per cent, and those for the cost of
college education held steady at 5.9 per cent.
Elsewhere, home price growth expectations fell by 0.1
percentage point to 3.0 per cent.
The NY Fed's report also showed that the three-year-ahead
inflation expectations increased to 2.7 per cent in September from 2.5 per cent
in August, while the five-year-ahead inflation expectations
increased to 2.9 per cent from 2.8 per cent in the previous month.