Daily Poll: NY Fed December Consumer Expectations Survey, Short-Term Inflation Expectations Drop to 5%

According to the New York Federal Bank's December Consumer Expectations Survey announced on the 9th, consumer inflation expectations for the next year It fell to its lowest level (5.0%) since July 2021That was shown.

Based on the downward trend in retail gasoline prices over the past few months, it doesn't seem surprising that consumers are positive. Nonetheless, food prices remained high, straining consumers' wallets. Also, gas prices for consumers 4.1% Food prices have risen 7.6% We expect it to rise, and both inflation expectations are down 0.7% from the previous month.

Is the situation where inflation remains high really improving? What do you think?