According to the New York Fed Consumer Expectations Surveyrubyslotsnodepositbonus$300, April's one-year inflation forecast was 3 per cent from the previous monthrubyslotsnodepositbonus$300.00% rose to 3.26%, the highest level since November last year.

The report stated:

Median house price growth expectations rose to 3.3%, the highest since July 2022

The median expected profit growth rate for the next year fell 0.1 percentage point to 2.7%

Median household spending growth expectations rose 0.2 percentage points to 5.2%

Consumers expect gasoline prices to rise 4.78%, food prices to rise 5.31%, medical bills to rise 8.69%, college education prices to rise 9.02%, and rental prices to rise 9.12% in the next year.

12.93% of consumers expect to be unable to pay their minimum debt in the next three months, compared with 12.90% in the previous month