Compared with April 2023: consumer inflation expectations for the next 12 months decreased further, while those for inflation three years ahead remained stable; expectations for nominal income growth over the next 12 months increased slightly, while expectations for nominal spending growth continued to decline; expectations for economic growth over the next 12 months became less negative and the expected unemployment rate in 12 months’ time decreased; consumers expect lower growth in the price of their home over the next 12 months and expectations for mortgage interest rates 12 months ahead increased slightly. ... (full story)