Americans expect higher prices for another year — with one big exception

Inflation is at a 40-year high, and Americans aren't expecting prices to go down in the next year with one notable exception: housing prices.

Inflation is at a 40-year high, and Americans don’t expect any pocketbook relief in the next year with one notable exception: housing prices.

“The decrease was driven by respondents without a college degree and was largest for those who live in the ‘South’ and ‘Northeast’ Census regions,” a statement on the report published by the New York Fed stated.

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