US Consumers See Stickier Inflation Ahead, NY Fed Survey Shows

US consumers said they see higher inflation over the next few years than previously thought, a monthly Federal Reserve Bank of New York survey showed, in the latest sign of mounting concerns about prices following November’s elections.

Expected inflation three years ahead rose to 3% in December from 2.6% the month before, according to results of the New York Fed’s Survey of Consumer Expectations published Monday. Expected inflation over the next year was unchanged at 3%, and expected inflation five years ahead declined to 2.7% from 2.9%.

The findings follow the release of preliminary results of a monthly ...