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The Federal Reserve Bank of New York released its February 2016 Survey of Consumer Expectations on Monday. Consumer inflation expectations for the coming year in the U.S. rose to 2.7% in February from 2.4% in January.
Inflation expectations for coming three years in the U.S. increased to 2.6% in February from 2.5% in January.
The increase was driven by a rise in expectations for gas prices.
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