Consumers inflation expectations hit record high, Washington, Usa - 11 Jul 2022
A customer looks at meat products at a grocery store in Washington, DC, USA, 11 July 2022. Consumers' expectations for prices to continue rising over the next year hit an all-time high, according to a monthly survey from the Federal Reserve Bank of New York. Inflation expectations rose to 6.8 percent in June 2022 from 6.6 percent a month earlier. Consumer prices increased 8.6 percent in May 2022 - the highest increase in 40 years.