People shop at the While Foods store on February 3, 2025 in New York City.
Michael M. Santiago Gety pictures
Consumers have become more concerned about inflation in the near -term as president Donald Trump On Friday, an investigative survey showed that aggressive definitions against the main American commercial partners.
the Consumer survey at Michigan University For February, the respondents showed that the respondents expected that the inflation rate annually be 4.3 %, jumped a percentage of January 1 and the highest level since November 2023.
Although Trump has stopped the tariff against Canada and Mexico, the threat on the horizon to pass prices to consumers shook morale. China imposed average definitions after Trump's move.
“It seems that many consumers are concerned that high inflation will return during the next year,” said Joan Has, director of the survey. “This is only the fifth time in 14 years, we have seen a one -month rise (one percentage or more) in inflation expectations throughout the year.”
The expectations did not reach the long term, as the expectations of up to five years are drifted to 3.3 %, an increase of 0.1 percentage.
The stocks turned into a decrease After the report, with the average of Dow Jones Industrial Valled at first more than 100 points.
Fears of inflation are compatible with optimism in general, as the title index decreased to 67.8, a one -month decrease of 4.6 % and 11.8 % decrease from the same month before the year. The economists surveyed by Dow Jones were looking for reading 71.3.
HSU said that the declines in general in various scanning indexes reflect “a perception that it may be too late to avoid the negative impact of the customs tariff policy.”
The current conditions index also decreased to 68.7, or 7.2 % less than January and 13.5 % decreased than last year. Expectations decreased to 67.3, a decrease of 2.9 % and 10.5 %.
