NEW YORK, Sept 8 (Reuters) - U.S. consumers' outlook for inflation was little changed in August, as households' worries about the job market and the state of their personal finances mounted, the New York Federal Reserve said in a report on Tuesday.
The regional Fed bank's latest Survey of Consumer Expectations showed respondents holding steady in August to projections of 3.6% inflation a year from now and 3% five years from now, while marking down expected inflation in three years to 3.2% from July's 3.3%.
Respondents in August projected higher gasoline prices in a year, the report said.
While households' inflation forecasts did not move much, their outlook on hiring and personal finances became more tenuous.
Survey respondents' expectation of where the unemployment rate would be a year from now increased in August to its highest reading since April 2020, when the economy was being devastated by the COVID-19 pandemic. The report noted that this expectation was broad-based across age, income and education levels.