U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that broad tariffs on imports pledged by President-elect Donald Trump's incoming administration could raise prices for households.

US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump administration.

Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.

CNBC's Rick Santelli reports on the latest consumer sentiment data. Maddow Blog | Trump sentenced to unconditional discharge in New York hush money case Bones from 16th-century shipwreck suggest left-handedness changes what happens to us when we die New California fire explodes across 2 counties: NFL moves Vikings-Rams game to Arizona Woman with 90kg of viral Dubai chocolate apprehended by customs 10 Box Office Failures That Are Actually Brilliant Films Warren Buffett says you only have to do 'very few things right' in life — as long as you don't do too many wrong things.

U.S. consumers are kicking off the new year in a downbeat mood as inflation expectations jumped. The University of Michigan’s consumer sentiment index ticked down to a reading of 73.2 in the first few weeks of January,

U.S. consumer sentiment nudged down to 73.2 in January's preliminary estimate, vs. 74.9 consensus from December's 74.0, according to the University of Michigan's Surveys of Consumers released on Friday.