Consumer inflation fears reach highest mark since 1981, with prices expected to rise 6.7%.

From Yahoo Finance: 2025-04-11 16:29:00

American consumers expect prices to rise by 6.7% over the next year, the highest recorded figure since 1981, according to a University of Michigan survey. Consumer confidence has plummeted amid fears of President Trump’s import tariffs, with the index dropping to 50.8 in April. Economists are concerned about inflation, with the Federal Reserve forecasting a 2.7% rise by year’s end and Vanguard predicting a 4% increase in 2025. Market analysts closely watch consumer sentiment on inflation, as consumers have historically been accurate in predicting inflation rates. The White House remains optimistic, citing a recent inflation report showing prices easing in March.



Read more at Yahoo Finance: A repeat of The Great Inflation? Consumer inflation fears reach highest mark since 1981.