FX.co ★ US Inflation Expectations Remain Steady

In November 2025, median inflation expectations in the United States remained stable, according to the Federal Reserve Bank of New York's Survey of Economic Expectations. The anticipated inflation rate one year into the future stood at 3.2%, unchanged from its previous level. Similarly, the three- and five-year outlooks remained constant at 3.0%. Median inflation uncertainty—indicating the distribution of opinions regarding future inflation—also remained unchanged for the one- and three-year projections, while showing a decline over the five-year horizon. Additionally, expectations for median home price growth persisted at 3.0% for the sixth straight month. However, forecasts for commodity price changes over the coming year exhibited significant increases: food costs ticked up by 0.2 percentage points to 5.9%, gasoline prices rose by 0.6 points to reach 4.1%, the cost of medical care advanced by 0.7 points to 10.1% (marking the highest rate since January 2014), expenses for college education increased by 0.2 points to 8.4%, and the cost of rent surged by 1.1 points to 8.3%.