{"id":124504,"date":"2021-05-10T18:01:57","date_gmt":"2021-05-10T18:01:57","guid":{"rendered":"https:\/\/precoinnews.com\/?p=124504"},"modified":"2021-05-10T18:01:57","modified_gmt":"2021-05-10T18:01:57","slug":"americans-fear-highest-inflation-in-nearly-a-decade","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/americans-fear-highest-inflation-in-nearly-a-decade\/","title":{"rendered":"Americans fear highest inflation in nearly a decade"},"content":{"rendered":"<ul>\n<li>Americans&#x27; expectations for inflation over the next few years hit its highest level in nearly a decade, according to a new report by the Federal Reserve Bank of New York. \u00a0<\/li>\n<li>Overall, the expectation is that the inflation rate would be up to 3.4% one year from now \u2014 its highest level since September 2013 \u2014 and at 3.1% three years from now, according to the Fed survey for April.<\/li>\n<\/ul>\n<p>As the economy reopens in the wake of the coronavirus crisis, more Americans expect inflation to increase over the next few years.<\/p>\n<p>Overall, the expectation is that the inflation rate would be up to 3.4% one year from now \u2014 its highest level since September 2013 \u2014 and at 3.1% three years from now, according to the Federal Reserve Bank of New York&#x27;s Survey of Consumer Expectations for\u00a0April.<\/p>\n<p>Expectations for how much more consumers will spend on homes, rent and the cost of a college education all rose in April, while the expected change in gas prices fell slightly from a high in March.<\/p>\n<p>At the same time, consumers surveyed by the New York Fed\u00a0also expected household income and spending growth to retreat slightly, but remain above a 12-month average, the central bank said.<\/p>\n<p><strong>More from Personal Finance:<\/strong><br \/>The pandemic drove these Americans into early retirement<br \/>Small businesses struggle to find workers<br \/>New college grad job outlook improves for Class of 2021<\/p>\n<p>&quot;Perceptions about households&#x27; current financial situations compared to a year ago improved in April, with fewer respondents reporting to be worse off now,&quot; The New York Fed report said.\u00a0<\/p>\n<p>&quot;Expectations about households&#x27; financial situations in the year ahead were largely stable.&quot;<\/p>\n<p>It is inevitable the reopening economy will generate some pick-up in inflation, experts say.<\/p>\n<p>The April consumer price index is expected to show a moderate 0.2% increase over March when it is reported on Wednesday by the Labor Department.<\/p>\n<p>The New York Fed&#x27;s survey of consumer expectations is based on about 1,300 households.<\/p>\n<p><em><strong>Subscribe to CNBC on YouTube.<\/strong><\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/05\/10\/americans-fear-highest-inflation-in-nearly-a-decade.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans&#x27; expectations for inflation over the next<\/p>\n","protected":false},"author":3,"featured_media":124503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Americans fear highest inflation in nearly a decade - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/americans-fear-highest-inflation-in-nearly-a-decade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Americans fear highest inflation in nearly a decade - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Americans&#x27; 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