Economists now expect U.S. consumer price index inflation to come in at 3.4% this year, according to a Wall Street Journal survey cited by Odaily. That marks an increase from the 3.2% reading in the survey conducted in April. The update points to a higher inflation expectation than previously recorded in the earlier poll. No additional breakdown or timeline beyond this year was provided in the brief report.
Economists expect U.S. consumer price index, or CPI, inflation to reach 3.4% this year, according to a Wall Street Journal survey cited by Odaily.
That compares with 3.2% in the April survey.
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