The long-term inflation expectations of USA consumers have risen to the highest level since 2008, with respondents concerned about the possibility of increased tariffs after Trump's assumption of office. According to the preliminary survey released by the University of Michigan on Friday, Americans expect prices to rise at an annual rate of 3.3% over the next five to ten years, higher than last month's expectation of 3%. They also expect prices to rise 3.3% in the coming year, which is an increase of 0.5 percentage points compared to December's expectation. The preliminary consumer confidence Index for January decreased from 74 to 73.2. The survey was conducted from December 17 to January 6.