One of the questions on theNew York Fed’s Survey of Consumer Expectationsasks respondents what they think inflation will look like in the near future.
The median consumer’s expected one-year ahead inflation rate has been on a mostly downward trend since the New York Fed began the survey in June 2013. In April, the indicator ticked slightly higher up from recent lows, with the median consumer expecting a 2.61% inflation rate over the next year.
