Consumer inflation expectations in the United States remained steady at an average of 3.9 percent in October 2026, unchanged from September. This rate is considered the highest inflation expectation in 2023.
Price Changes for Goods
According to new reports, the expected price change for fuel decreased by 0.6 percentage points to 4.2 percent. In contrast, the price changes for food remained unchanged at 5.5 percent. Additionally, medical service costs increased by 0.1 percentage points to 9.3 percent, and college tuition costs rose by 0.1 percentage points to 7.6 percent. Furthermore, housing rental costs increased by 0.9 percentage points to 7.7 percent.
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Price Expectations in the Housing Market
Expectations regarding housing price growth remained steady at 3 percent, slightly below its 12-month average of 3.1 percent. Meanwhile, expectations for three-year and five-year horizons also remained steady at 3.3 percent and 3 percent, respectively.
Additionally, expectations for income growth remained unchanged at 2.6 percent. However, unemployment expectations rose by 1.4 percentage points to 45.3 percent, the highest level since April 2020. Finally, expectations for household income growth decreased by 0.1 percentage points to 3 percent.
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