U.S. consumers expect short-term inflation to go up along with a drop in future earnings in November, implying a worsening economic outlook with higher prices surpassing any growth in wages, according to a New York Federal Reserve survey released on Monday. The Survey of Consumer Expectations, taken from a pool of 1,300 household heads, show median one-year-ahead inflation expectations rise from 5.7 in October to 6.0 percent, while uncertainty regarding short- and medium-term inflation reach new series high. Meanwhile, expectations regarding one-year-ahead earnings growth went down by 0.2 percentage points to 2.8 percent. The decline was highest among low income households (below $50,000). According to data from the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) increased 6.8 percent in the 12 months through November, the fastest climb in 39 years. This is the sixth straight month of above-five-percent inflation that persists to torment the average American consumer. …