The year-ahead inflation expectations in the United States picked up to 3.5% in May 2024, the highest in six months, from 3.2% in the prior month, according to the preliminary estimate from the University of Michigan Consumer Survey. In the meantime, the five-year outlook rose to a six-month high of 3.1% in May, compared to 3% in the prior month. source: University of Michigan

Michigan Inflation Expectations in the United States increased to 3.50 percent in May from 3.20 percent in April of 2024. Michigan Inflation Expectations in the United States averaged 3.59 percent from 1978 until 2024, reaching an all time high of 10.40 percent in January of 1980 and a record low of 0.40 percent in November of 2001. This page includes a chart with historical data for the United States Michigan Inflation Expectations. United States Michigan 1-Year Inflation Expectations - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-26 02:00 PM Michigan Inflation Expectations Final Apr 3.2% 2.9% 3.1% 3.1%
2024-05-10 02:00 PM Michigan Inflation Expectations Prel May 3.5% 3.2% 3.2% 3.1%
2024-05-24 02:00 PM Michigan Inflation Expectations Final May 3.2% 3.5% 3.5%


Related Last Previous Unit Reference
CPI 313.55 312.33 points Apr 2024
Core Consumer Prices 317.62 316.70 points Apr 2024
Core Inflation Rate YoY 3.60 3.80 percent Apr 2024
Core Inflation Rate MoM 0.30 0.40 percent Apr 2024
Core PCE Price Index 121.62 121.23 points Mar 2024
Core PCE Price Index YoY 2.80 2.80 percent Mar 2024
Core PCE Price Index MoM 0.30 0.30 percent Mar 2024
Core PCE Prices 3.70 2.00 percent Mar 2024
Core Producer Prices 142.04 141.36 points Apr 2024
Core PPI MoM 0.50 -0.10 percent Apr 2024
Core PPI YoY 2.40 2.10 percent Apr 2024
CPI Core Core YoY 2.60 2.60 percent Apr 2024
CPI Housing Utilities 331.69 331.25 points Apr 2024
CPI Median 4.55 4.58 percent Mar 2024
CPI s.a 313.21 312.23 points Apr 2024
CPI Transportation 276.69 272.49 points Apr 2024
CPI Trimmed-Mean 3.61 3.51 percent Mar 2024
Energy Inflation 2.60 2.12 Percent Apr 2024
Export Prices 149.00 148.60 points Mar 2024
Export Prices MoM 0.50 0.10 percent Apr 2024
Export Prices YoY -1.00 -1.60 percent Apr 2024
Food Inflation 2.20 2.20 percent Apr 2024
GDP Price Index 124.22 123.27 points Mar 2024
Import Prices 141.80 140.50 points Apr 2024
Import Prices MoM 0.90 0.60 percent Apr 2024
Import Prices YoY 1.10 0.40 percent Apr 2024
Consumer Inflation Expectations 3.30 3.00 percent Apr 2024
Inflation Rate YoY 3.40 3.50 percent Apr 2024
Inflation Rate MoM 0.30 0.40 percent Apr 2024
Michigan 5 Year Inflation Expectations 3.10 3.00 percent May 2024
Michigan Inflation Expectations 3.50 3.20 percent May 2024
PCE Price Index 122.77 122.37 points Mar 2024
PCE Price Index YoY 2.70 2.50 percent Mar 2024
PCE Price Index MoM 0.30 0.30 percent Mar 2024
PCE Prices 3.40 1.80 percent Mar 2024
PPI Ex Food Energy and Trade Services 131.53 130.98 points Apr 2024
PPI Ex Food, Energy and Trade MoM 0.40 0.20 percent Apr 2024
PPI Ex Food, Energy and Trade YoY 3.10 2.80 percent Apr 2024
PPI MoM 0.50 -0.10 percent Apr 2024
PPI 144.06 143.32 points Apr 2024
PPI YoY 2.20 1.80 percent Apr 2024
Rent Inflation 5.50 5.66 percent Apr 2024
Services Inflation 5.30 5.27 Percent Apr 2024

United States Michigan 1-Year Inflation Expectations
The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.
Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.20 10.40 0.40 1978 - 2024 percent Monthly
1966Q1=100, NSA


News Stream
US Year-Ahead Inflation Expectations Up to 6-Month High
The year-ahead inflation expectations in the United States picked up to 3.5% in May 2024, the highest in six months, from 3.2% in the prior month, according to the preliminary estimate from the University of Michigan Consumer Survey. In the meantime, the five-year outlook rose to a six-month high of 3.1% in May, compared to 3% in the prior month.
2024-05-10
US Year-Ahead Inflation Expectations Revised Higher
The year-ahead inflation expectations in the United States compiled by the University of Michigan rose to a five month-high of 3.2% in April 2024, up from 2.9% in March and compared to an earlier estimate of 3.1%, according to final figures. Concurrently, the five-year outlook increased to a five-month high of 3% in April, from 2.8% in March and matching the preliminary estimate.
2024-04-26
US Year-Ahead Inflation Expectations Up to 4-Month High
The year-ahead inflation expectations in the United States rose to 3.1% in April 2024, the highest in four months, from 2.9% in the prior month, according to the preliminary estimate from the University of Michigan Consumer Survey. In the meantime, the five-year outlook increased to 3% in April, the highest in four months, up from 2.8% in the previous month.
2024-04-12