Consumers’ inflation expectations ticked up for the three-year horizon, according to the March Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
![Survey of Consumer Expectations](https://arizent.brightspotcdn.com/dims4/default/dff67da/2147483647/strip/true/crop/3560x2320+0+0/resize/740x482!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F1d%2Fa6%2F9cf95b5b469ebe57d0ff2d73622a%2Fbb-040919-fedsce.jpeg)
Median inflation expectations held at 2.8% in March the one-year period and rose to 2.9% from 2.8% for a three-year horizon, according to the survey.
The median expectation for change in the price of gas rose to 4.7% from 4.3%, the highest level since June 2018.
The expected earnings growth for one-year grew to 2.6% from 2.5%. The mean perceived probability of losing one’s job in the next 12 months slipped to 14.3% from 14.6%, while the mean probability of leaving one’s job voluntarily in the next 12 months grew to 21.8% from 21.2%.
The probability of finding a job, if one lost his/her current job, fell to 58.6%, the lowest since August 2018, from 59.3%.
Median one-year ahead home prices are expected to grow 3.0%, unchanged for four months at the lowest reading of the series, the Fed said.
Median household income growth expectations jumped to 2.8% from 2.5%, after three declines in a row, while spending growth expectations remained at 3.1%.