Inflation expectations skyrocketing among Americans: US consumers now expect inflation to rise to ~4.6% over the next year, the 3rd-highest reading over the last 12 months.
This is now 1.1 percentage points above the level seen at the start of 2026. This comes as the proportion of consumers spontaneously mentioning gasoline as a concern rose to ~30%, its 4th-highest in at least 2 years. At the same time, ~37% of consumers mentioned tariffs, the highest proportion since April. Americans think another wave of inflation has begun.
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