China News Agency, New York, July 11 (Reporter Wang Fan) A monthly survey released by the Federal Reserve Bank of New York on the 11th showed that in June this year, US consumers' inflation expectations for the next year reached 6.8%, a record. new highs.

　　According to the June 2022 Consumer Expectations Survey released by the Federal Reserve Bank of New York, consumers over the age of 60, with a college education and an annual income of more than $50,000 generally believe that prices will rise in the coming year; Geographically, short-term inflation expectations among consumers in the West, Midwest, and South rose significantly.

Overall, U.S. consumers' median inflation expectations for the year ahead rose to 6.8% in June from 6.6% the previous month, the highest level since records began in 2013.

　　The survey showed that consumer concerns about rising prices were mainly focused on rent, health care, food and university education.

In the coming year, U.S. rent prices are expected to rise 10.3%, health care prices are expected to rise 9.5%, food prices are expected to rise 9.2%, and college education prices are expected to rise 8.7%, all in the category, according to consumers' June expectations. high.

　　The survey found that more Americans expressed concern about the deterioration of household finances in the coming year.

Among respondents, 51% expect household finances to get "significantly worse" or "somewhat worse" in the coming year, the first time more than half of them have ever recorded.

　　However, the survey showed that U.S. consumers' median inflation expectations for the next three years fell to 3.6% in June from 3.9% the previous month, and their median inflation expectations for the next five years fell from 2.9% the previous month. to 2.8% in June.

　　Bloomberg said the U.S. Federal Reserve is seeking to control prices through means such as raising interest rates, an outcome economists see increasingly likely.

While consumers' short-term inflation expectations are still rising, their inflation expectations for the next three years fell by the most this year in June.

That could ease the Fed's fears that inflation expectations are at risk of spiralling out of control.

　　On the 13th, the US Department of Labor will release June consumer price index (CPI) data.

Economists predict that the year-on-year increase in the US CPI in June may reach a record 8.8%.

Bloomberg quoted analysts as saying that rising inflation may prompt the Federal Reserve to raise interest rates by another 75 basis points at its regular monetary policy meeting at the end of this month.

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