TechFlow reported, according to Jinshi News citing the University of Michigan consumer survey report, that the U.S. one-year inflation expectation surged from last month's 3.3% to 4.3% in February, reaching the highest level since November 2023. This marks the second consecutive month of unusually large increases and represents the fifth time in 14 years when monthly inflation expectations rose more than one percentage point.
This figure is significantly higher than the pre-pandemic normal range of 2.3%-3.0%. Meanwhile, long-term inflation expectations edged up slightly from last month's 3.2% to 3.3%, also exceeding the pre-pandemic normal range of 2.2%-2.6%.
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