The US five-year inflation outlook, as compiled by the survey of the University of Michigan, rose to 3.4% in April 2026, the highest in five months, from 3.2% previously, preliminary estimates showed. source: University of Michigan

Michigan 5 Year Inflation Expectations in the United States averaged 3.20 percent from 1979 until 2026, reaching an all time high of 9.70 percent in February of 1980 and a record low of 2.20 percent in December of 2019. This page includes a chart with historical data for the United States Michigan 5-Year Inflation Expectations. United States Michigan 5-Year Inflation Expectations - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-27 02:00 PM
Michigan 5 Year Inflation Expectations Final
Mar 3.2% 3.3% 3.2% 3.2%
2026-04-10 02:00 PM
Michigan 5 Year Inflation Expectations Prel
Apr 3.4% 3.2% 3.4%
2026-04-24 02:00 PM
Michigan 5 Year Inflation Expectations Final
Apr 3.2% 3.4% 3.4%


Related Last Previous Unit Reference
CPI 330.21 326.79 points Mar 2026
Core Consumer Prices 334.17 333.51 points Mar 2026
Core Inflation Rate YoY 2.60 2.50 percent Mar 2026
Core Inflation Rate MoM 0.20 0.20 percent Mar 2026
Core PCE Price Index 128.86 128.39 points Feb 2026
Core PCE Price Index YoY 3.00 3.10 percent Feb 2026
Core PCE Price Index MoM 0.40 0.40 percent Feb 2026
Core PCE Prices QoQ 2.70 2.90 percent Dec 2025
Core Producer Prices 152.19 152.05 points Mar 2026
Core PPI MoM 0.10 0.30 percent Mar 2026
Core PPI YoY 3.80 3.80 percent Mar 2026
CPI Core Core YoY 2.60 2.40 percent Mar 2026
CPI Housing Utilities 355.10 353.74 points Mar 2026
CPI Median 2.70 2.90 percent Mar 2026
CPI s.a 330.29 327.46 points Mar 2026
CPI Transportation 283.43 269.61 points Mar 2026
CPI Trimmed-Mean 2.60 2.70 percent Mar 2026
Energy Inflation 12.50 0.50 Percent Mar 2026
Export Prices 161.00 158.40 points Mar 2026
Export Prices MoM 1.60 1.90 percent Mar 2026
Export Prices YoY 5.60 3.80 percent Mar 2026
Food Inflation 2.70 3.10 percent Mar 2026
GDP Price Index 130.62 129.43 points Dec 2025
Import Prices 144.60 143.50 points Mar 2026
Import Prices MoM 0.80 0.90 percent Mar 2026
Import Prices YoY 2.10 1.00 percent Mar 2026
Consumer Inflation Expectations 3.40 3.00 percent Mar 2026
Inflation Rate YoY 3.30 2.40 percent Mar 2026
Inflation Rate MoM 0.90 0.30 percent Mar 2026
Michigan 5 Year Inflation Expectations 3.40 3.20 percent Apr 2026
Michigan Inflation Expectations 4.80 3.80 percent Apr 2026
PCE Price Index 129.45 128.97 points Feb 2026
PCE Price Index YoY 2.80 2.80 percent Feb 2026
PCE Price Index MoM 0.40 0.30 percent Feb 2026
PCE Prices QoQ 2.90 2.80 percent Dec 2025
PPI Ex Food Energy and Trade Services 140.40 140.11 points Mar 2026
PPI Ex Food, Energy and Trade MoM 0.20 0.50 percent Mar 2026
PPI Ex Food, Energy and Trade YoY 3.60 3.50 percent Mar 2026
PPI MoM 0.50 0.50 percent Mar 2026
PPI 154.01 153.22 points Mar 2026
PPI YoY 4.00 3.40 percent Mar 2026
Shelter Inflation 3.00 3.00 percent Mar 2026
Services Inflation 3.10 3.10 Percent Mar 2026


United States Michigan 5-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
3.40 3.20 9.70 2.20 1979 - 2026 percent Monthly
1966Q1=100, NSA