Inflation: US inflation expectations fall in September

US near-term inflation expectations fell to the lowest level since early 2021 in September while sentiment eased. Consumers expect prices will climb at an annual rate of 3.2% over the next year, down from 3.5% in August, according to the final September reading from the University of Michigan. They see costs rising 2.8% over the next five to 10 years, the lowest in a year, data showed on Friday .
Even so, the sentiment index fell to 68.1 from 69.5 in August. Respondents were relatively more pessimistic about current conditions compared to the prior month.