Compared with September:
- consumer expectations for inflation 12 months ahead increased further, while expectations for inflation three years ahead remained unchanged;
- inflation expectations remained well below the perceived past inflation rate, particularly at the medium-term horizon of three years;
- expectations for both nominal spending and income growth over the next 12 months increased, and expected spending growth continued to outpace expected income growth;
- expectations for economic growth over the next 12 months declined, whereas for unemployment in 12 months’ time they increased;
- consumers
expected the price of their home to grow less over the next 12 months,
while their expectations for mortgage interest rates 12 months ahead
continued to drift upwards. (...)
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