US consumer inflation expectations rise to 4.7% amid Iran war, wholesale inflation cools as gas prices reverse spike
US consumer inflation expectations rose to 4.7% for the coming year, up from 3.4% before the Iran war, while wholesale inflation dropped last month as gas prices reversed some of their Iran war spike. These mixed signals suggest consumer inflation could grind lower in the months ahead despite elevated expectations.
Detected & updated continuously · Source: Nebula
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4.7% That is how much inflation US consumers now expect over the coming year, up from 3.4% before the Iran war. They had spent a year revising the figure down from 6.6%. Surveys predict inflation poorly. They record what people believe is happening to their money. https://t.co/fcSCka67Hg
@NEWSMAX
BREAKING: Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. https://t.co/eWdwKXuqrQ