Joanne Hsu, director of consumer research at the University of Michigan, said that inflation expectations for the next year jumped from 4.3% last month to 4.9% this month, the highest level since November 2022, marking an unusually sharp increase of 0.5 percentage points or more for three consecutive months. This month's growth is reflected in all three political groups. Long-term inflation expectations soared from 3.5% in February to 3.9% in March. This is the biggest monthly increase since 1993. Mainly by independent people, the increase was large, while the increase in February was already significant.

Joanne Hsu, director of consumer research at the University of Michigan, said that inflation expectations for the next year jumped from 4.3% last month to 4.9% this month, the highest level since November 2022, marking an unusually sharp increase of 0.5 percentage points or more for three consecutive months. This month's growth is reflected in all three political groups. Long-term inflation expectations soared from 3.5% in February to 3.9% in March. This is the biggest monthly increase since 1993. Mainly by independent people, the increase was large, while the increase in February was already significant.