Median five-year-ahead inflation expectations in the US remained unchanged at 3.0% in December 2025, the same as in the previous month. Inflation Expectations 5Y in the United States averaged 2.75 percent from 2022 until 2025, reaching an all time high of 3.00 percent in February of 2022 and a record low of 2.00 percent in August of 2022. 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
3-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 5-Year Consumer Inflation Expectations

In the US, five-year inflation expectations represent the median expected inflation rate over the next five 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 long-term measure helps gauge public confidence in the Fed’s ability to maintain stable prices and anchors expectations around the central bank’s inflation target.