Median three-year-ahead inflation expectations in the US remained unchanged at 3.0% in December 2025, the same as in the previous month. Inflation Expectations 3Y in the United States averaged 2.96 percent from 2013 until 2025, reaching an all time high of 4.20 percent in September of 2021 and a record low of 2.30 percent in July of 2024. source: Federal Reserve Bank of New York

Related	Last	Previous	Unit	Reference
Earnings Growth Expectations	2.50	2.60	percent	Dec 2025
Consumer Inflation Expectations	3.40	3.20	percent	Dec 2025
5-Year Consumer Inflation Expectations	3.00	3.00	percent	Dec 2025
Inflation Rate YoY	2.70	2.70	percent	Dec 2025
Michigan 5 Year Inflation Expectations	3.30	3.20	percent	Jan 2026
Michigan Inflation Expectations	4.00	4.20	percent	Jan 2026
Mean Unemployment Rate Expectations	41.80	42.10	percent	Dec 2025

United States 3-Year Consumer Inflation Expectations

In the US, three-year inflation expectations represent the median expected inflation rate over the next three years, as reported by the Survey of Consumer Expectations (SCE) conducted by the Federal Reserve Bank of New York. The data are derived from a nationally representative, internet-based survey of approximately 1,300 rotating household heads. This measure reflects consumers’ medium-term outlook on price stability and monetary policy credibility, providing important insight into the Federal Reserve’s longer-term inflation expectations.