Compared with April 2026: median consumer perceptions of inflation over the past 12 months remained unchanged, as did median inflation expectations for three and five years ahead, while median expectations for inflation over the next 12 months decreased significantly; expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months decreased; expectations for economic growth over the next 12 months became less negative, while the expected unemployment rate in 12 months’ time increased; expectations for growth in the price of homes over the next ... (full story)