US short-term inflation expectations climbed to an eight-month high in November and longer-run price views remained at levels not seen since 2011. Americans expect prices will climb at an annual rate of 4.5% over the next year, up from the 4.4% expected earlier in the month, according to the final November reading from the University of Michigan. They see costs rising 3.2% over the next five to 10 years, data Wednesday showed. “Consumers appear worried that the softening of inflation could reverse in the months and years ahead,” Joanne Hsu, director of the survey, said in a statement. “Despite easing prices at the ... (full story)