New York:US consumers' inflation expectations remained consistent across all three time horizons in October, as reported by the Federal Reserve Bank of New York.

According to Anadolu Agency, median inflation expectations for one year ahead held steady at 3.9%, while the three-year and five-year outlooks remained at 3.3% and 3.0%, respectively. The bank's latest Survey of Consumer Expectations, which includes responses from approximately 1,300 household heads, also indicated that expectations for home price growth were unchanged at 3.0%.

The survey highlighted some changes in expectations for specific expenses. Expected gasoline price growth over the next 12 months decreased by 0.6 percentage points to 4.2%, and expectations for food price increases held steady at 5.5%. Conversely, consumers anticipated higher increases in other major expenses. Medical care cost growth expectations edged up by 0.1 percentage points to 9.3%, college education costs rose by the same margin to 7.6%, and expected rent increases climbed 0.9 percentage points to 7.7%.

Labor market sentiment among consumers showed mixed results. While there was increased concern about unemployment and job loss, the perceived chances of finding a new job improved. The average perceived probability that the US unemployment rate would be higher one year from now rose by 1.4 percentage points to 45.3%, the highest level since April 2020. The perceived likelihood of losing one's job over the next year increased by 0.4 percentage points to 13.9%. However, the probability of finding another job if a current position were lost also rose by 0.4 percentage points to 46.5%, the highest level since November 2025.

The survey further noted that expected household income growth eased by 0.1 percentage points to 3.0%, while anticipated spending growth declined by 0.2 percentage points to 5.3%. In September, US consumer prices increased by 0.6% month-on-month and 3.7% year-on-year, with October inflation figures scheduled for release on Tuesday.