- First decline since Oct 2020
- Three-year inflation expectations decreased to 3.5% from 4.0% -- largest one month decline since survey started in 2013
- Year-ahead inflation expectations for food, rent gas and medical care all declined by 0.1 percentage points
- Median year-ahead home price changes increased to 6.0% from 5.5%
This is an interesting development and hints that we could be at peak inflation.
