The United States Federal Reserve (Fed) in New York published the results of the Consumer Expectations Survey for September.

According to the results of the survey conducted with the participation of approximately 1,300 households, the average short-term inflation expectation for the next 12 months increased by 0.1 points to 3.7 percent in September.

While the median inflation expectation covering the next three-year period increased by 0.2 points to 3 percent over the same period, the median inflation expectation covering the next five-year period decreased by 0.2 points to 2.8 percent.

EXPECTATIONS INCREASE, DECREASE FOR GASOLINE AND RENT, INCREASE FOR FOOD

The expected increase in household spending remained unchanged in September at 5.3 percent. Expectations for household income growth rose 0.1 points in September to 3 percent.

During this period, the expected increase in the cost of a college education decreased from 8.2 percent to 5.8 percent, recording the largest decrease since 2013. Expectations about rising gasoline prices, attention medical and rents decreased, while food costs increased.

SEPTEMBER INFLATION WILL BE ANNOUNCED TOMORROW

According to data announced last month in the US, the consumer price index (CPI) rose 0.6 percent monthly in August, within expectations, and 3.7 percent annually, above market expectations.

The market expectation for the country’s inflation in September, which will be released on Thursday, is 0.3 percent monthly and 3.6 percent annually. (AA)