U.S. April one-year inflation expectations initial reading was 4.8%, higher than the expected 4.3%.

Gate News message: April 10, the U.S. initial estimate for the one-year inflation rate expectation for April is 4.8%, higher than the market expectation of 4.3%, with the prior value at 3.80%. This data is an important component of the University of Michigan consumer sentiment index, reflecting consumers’ expectations for inflation levels over the coming year.

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