Furkan Yildirim wrote that US consumer inflation expectations had risen to 3.9 percent, reaching the highest level since May 2023. A month earlier, they had been at 3.6 percent. For the next twelve months, Americans expected price increases of 9.2 percent for medical costs, 7.5 percent for education costs, 6.8 percent for rents, 5.5 percent for food, and 4.8 percent for gasoline. Wages were expected to rise by only 2.6 percent during the same period. At the same time, households planned to spend 5.5 percent more – the highest figure since May 2023. Their income was only expected to grow by 3.1 percent, according to Yildirim. He also wrote that more households reported a worse financial situation than a year ago and that loans were harder to obtain. Prices were outpacing wages, he summarized. #Inflation #Wirtschaft #Verbraucherpreise (translated)













