India, Feb. 10 -- American households' expectations of inflation in five years increased in January, while their spending growth hopes fell to the lowest level in four years, results of a survey by the Federal Reserve Bank of New York showed on Monday.
The one-year and three-year inflation expectations were unchanged at 3.0 percent, while the five-year-ahead inflation expectations increased 0.3 percentage point to 3.0 percent in January, the NY Fed Survey of Consumer Expectations revealed.
The SCE is a nationally representative, Internet-based survey of a rotating panel of approximately 1,300 household heads carried out by NielsenIQ on behalf of the NY Fed.House price growth expectations edged up 0.1 percentage point to 3.2 percent.
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