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  • First drop since October 2020
  • Three-year inflation expectations fell from 4.0% to 3.5% – the biggest one-month drop since the start of the survey in 2013
  • Inflation expectations for the year ahead for food, gasoline and medical care all fell 0.1 percentage point
  • Median house price changes for the year ahead rose from 5.5% to 6.0%

This is an interesting development and hints that we may be at an inflation peak.


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