FX.co ★ US Inflation Expectations Rise Sharply

Median year-ahead inflation expectations tracked by the New York Fed rose to 3.4% in March 2026, up from 3% in February, marking the highest reading so far this year. Consumer expectations for gasoline price increases jumped sharply to 9.4% from 4.1% in February, the highest level since March 2022, as the war in the Middle East pushed up benchmark energy prices. Inflation expectations also climbed for food, to 6% from 5.3%, and for rent, to 7.1% from 5.9%.