Inflation concerns among US consumers are intensifying:
~38% of Americans now perceive inflation as a greater risk than unemployment over the next year, the highest proportion since March 2025.
This percentage has risen 13 points over the last 2 months, the biggest 2-month increase in at least 2 years.
By comparison, 48% of consumers perceived inflation as a higher risk in July 2024.
At the same time, only ~5% see unemployment as a greater risk than inflation over the next year, the lowest reading in at least 2 years.
This brings the gap up to 33 percentage points, the widest since February 2025.
Inflation remains a major issue for US households.