Americans Now Expect 4.3% Inflation—A Big Jump In Just 3 Months

Americans’ inflation expectations have surged to 4.3%, marking one of the sharpest three-month increases since 1979, according to new data that has economists concerned about price stability. The University of Michigan’s consumer survey for January shows median one-year inflation expectations have climbed 1.7% since November’s election, The Economist reported on Tuesday.