États-Unis Attentes inflationnistes

Median inflation expectations in the US held steady in November 2025, according to the Federal Reserve Bank of New York's Survey of Economic Expectations. The one-year-ahead median inflation expectation remained at 3.2%, while the three- and five-year-ahead horizons stayed at 3.0%. Median inflation uncertainty, reflecting the range of opinions on future inflation, was unchanged for the one- and three-year horizons and declined at the five-year horizon. Expectations for median home price growth remained unchanged at 3.0% for the sixth consecutive month. Year-ahead median expectations for commodity prices, however, showed notable increases: food rose 0.2 percentage points to 5.9%, gas climbed 0.6 points to 4.1%, medical care surged 0.7 points to 10.1% (the highest since January 2014), college education increased 0.2 points to 8.4%, and rent jumped 1.1 points to 8.3%.