Five-year inflation expectations in the United States, as compiled by the survey of the University of Michigan, stood at a three-month low of 3.3% in July, unchanged from June. Michigan 5 Year Inflation Expectations in the United States averaged 3.21 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. source: University of Michigan



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-26 02:00 PM
Michigan 5 Year Inflation Expectations Final
Jun 3.3% 3.9% 3.4% 3.4%
2026-07-17 02:00 PM
Michigan 5 Year Inflation Expectations Prel
Jul 3.3% 3.3% 3.1%
2026-07-31 02:00 PM
Michigan 5 Year Inflation Expectations Final
Jul 3.3% 3.3%


Related Last Previous Unit Reference
CPI 333.95 335.12 points Jun 2026
Core Consumer Prices 336.07 336.12 points Jun 2026
Core Inflation Rate YoY 2.60 2.90 percent Jun 2026
Core Inflation Rate MoM 0.00 0.20 percent Jun 2026
Core PCE Price Index 130.08 129.67 points May 2026
Core PCE Price Index YoY 3.40 3.30 percent May 2026
Core PCE Price Index MoM 0.30 0.30 percent May 2026
Core PCE Prices QoQ 4.40 2.70 percent Mar 2026
Core Producer Prices 154.00 153.69 points Jun 2026
Core PPI MoM 0.20 0.10 percent Jun 2026
Core PPI YoY 4.70 4.60 percent Jun 2026
CPI Core Core YoY 2.30 2.70 percent Jun 2026
CPI Housing Utilities 359.19 358.39 points Jun 2026
CPI Median 2.70 2.90 percent Jun 2026
CPI s.a 332.57 333.98 points Jun 2026
CPI Transportation 291.23 298.41 points Jun 2026
CPI Trimmed-Mean 2.60 2.90 percent Jun 2026
Energy Inflation 15.70 23.50 Percent Jun 2026
Export Prices 167.80 168.80 points Jun 2026
Export Prices MoM -0.60 1.20 percent Jun 2026
Export Prices YoY 10.20 11.30 percent Jun 2026
Food Inflation 3.00 3.10 percent Jun 2026
GDP Price Index 131.78 130.62 points Mar 2026
Import Prices 150.80 150.30 points Jun 2026
Import Prices MoM 0.30 1.70 percent Jun 2026
Import Prices YoY 7.10 6.70 percent Jun 2026
Consumer Inflation Expectations 3.70 3.50 percent Jun 2026
Inflation Rate YoY 3.50 4.20 percent Jun 2026
Inflation Rate MoM -0.40 0.50 percent Jun 2026
Michigan 5 Year Inflation Expectations 3.30 3.30 percent Jul 2026
Michigan Inflation Expectations 4.20 4.60 percent Jul 2026
PCE Price Index 131.53 130.94 points May 2026
PCE Price Index YoY 4.10 3.80 percent May 2026
PCE Price Index MoM 0.40 0.40 percent May 2026
PCE Prices QoQ 4.60 2.90 percent Mar 2026
PPI Ex Food Energy and Trade Services 142.49 142.30 points Jun 2026
PPI Ex Food, Energy and Trade MoM 0.10 0.80 percent Jun 2026
PPI Ex Food, Energy and Trade YoY 5.10 5.10 percent Jun 2026
PPI MoM -0.30 0.60 percent Jun 2026
PPI 156.57 157.00 points Jun 2026
PPI YoY 5.50 6.00 percent Jun 2026
Shelter Inflation 3.30 3.40 percent Jun 2026
Services Inflation 3.20 3.50 Percent Jun 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
3.30 3.30 9.70 2.20 1979 - 2026 percent Monthly
1966Q1=100, NSA