Daily Vote: NY Federal Bank December Consumer Expectations Survey, Short-Term Inflation Expectations Drop to 5%

According to the New York Federal Bank's December Consumer Expectations Survey announced on the 9th, consumer inflation expectations for the next year It fell to the lowest level since July 2021 (5.0%)This has been shown.

Given the downward trend in retail gasoline prices over the past few months, it doesn't seem surprising that consumers are positive. Nonetheless, food prices remained high, hardening consumers' wallet strings. Also, the price of gas is for consumers 4.1% Food prices have risen 7.6% We expect it to rise, and both inflation expectations are down 0.7% from the previous month.

Has there really been an improvement in the situation where inflation has remained high? What do you think?