The study shows that consumers expect inflation at 3.6 percent. in the perspective of the year. This is the highest result since October 2023 and means a clear increase in relation to earlier months.
Increasing customs loads and The growing uncertainty in global trade contribute to the respondents to predict higher prices of goods and services. Significant nervousness is also observed on the labor market. Up to 44 percent respondents are convinced that in the next twelve months unemployment will increase. This is the highest percentage from April 2020, when the global economy struggled with the first wave of pandemic.
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Fears of rising prices and living costs
The biggest concerns relate to the increase in food prices and maintenance costs, and this directly hits the mood of households. Some consumers expect the duties to conquer inflation on the food market, rental of apartments or medical services. Despite this, in some categories, such as fuel prices, forecasts have slightly decreased.
The study conducted by the Federal Reserve Bank in New York thus gives a picture of increased anxiety – the growing inflation and the prospect of a more difficult situation on the labor market are two main sources of fears.
The mood is also affected by political decisions, including the introduction and suspension of new customs tariffs, which in the eyes of many respondents can deepen inflationary pressure.
