When inflation expectations rise, what happens to consumers’ purchasing behavior?

When inflation expectations rise, consumers anticipate that prices will increase in the future. This leads them to modify their behavior by spending more now rather than later, as they want to avoid paying higher prices in the future. This propensity to increase spending in anticipation of inflation reflects a psychological response where consumers prioritize making purchases sooner rather than delaying them, which might be influenced by the fear of losing purchasing power. As a result, this behavior can contribute to an increase in aggregate demand in the economy, reinforcing inflationary pressures.