US short-term inflation expectations climbed to a seven-month high in November and longer-run price views remained at levels not seen since 2011.
Americans expect prices will climb at an annual rate of 4.5% over the next year, up from the 4.4% expected earlier in the month, according to the final November reading from the University of Michigan. They see costs rising 3.2% over the next five to 10 years, data Wednesday showed.
Source: Bloomberg
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