Washington CNN —
Americans fear faster inflation is on the horizon.
The University of Michigan’s latest consumer survey, released Friday, showed that Americans’ inflation expectations for the year ahead surged this month to 4.3%, up a full percentage point from January to the highest level since November 2023.
“This is only the fifth time in 14 years we have seen such a large one-month rise (one percentage point or more) in year-ahead inflation expectations,” said Joanne Hsu, the survey’s director, in a release.
The survey’s sentiment index also declined in February for the
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