The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, stood at 4.6% in June 2026, in line with the initial estimate and down from a nine-month high of 4.8% in May. However, they remained well above the 3.4% recorded in February, before the Iran conflict began. In the meantime, the five-year inflation outlook was revised slightly down to 3.3% from the preliminary 3.4% and below May's seven-month high of 3.9%. source: University of Michigan

Michigan Inflation Expectations in the United States decreased to 4.60 percent in June from 4.80 percent in May of 2026. Michigan Inflation Expectations in the United States averaged 3.61 percent from 1978 until 2026, 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 July of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-12 02:00 PM
Michigan Inflation Expectations Prel
Jun 4.6% 4.8% 4.8%
2026-06-26 02:00 PM
Michigan Inflation Expectations Final
Jun 4.6% 4.8% 4.6% 4.6%
2026-07-17 02:00 PM
Michigan Inflation Expectations Prel
Jul 4.6% 4.3%


Related Last Previous Unit Reference
CPI 335.12 333.02 points May 2026
Core Consumer Prices 336.12 335.42 points May 2026
Core Inflation Rate YoY 2.90 2.80 percent May 2026
Core Inflation Rate MoM 0.20 0.40 percent May 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 154.15 153.51 points May 2026
Core PPI MoM 0.40 0.70 percent May 2026
Core PPI YoY 4.90 4.90 percent May 2026
CPI Core Core YoY 2.70 2.60 percent May 2026
CPI Housing Utilities 358.39 357.35 points May 2026
CPI Median 2.90 2.80 percent May 2026
CPI s.a 333.98 332.41 points May 2026
CPI Transportation 298.41 291.75 points May 2026
CPI Trimmed-Mean 2.90 2.80 percent May 2026
Energy Inflation 23.50 17.90 Percent May 2026
Export Prices 168.60 166.50 points May 2026
Export Prices MoM 1.30 3.50 percent May 2026
Export Prices YoY 11.20 8.80 percent May 2026
Food Inflation 3.10 3.20 percent May 2026
GDP Price Index 131.78 130.62 points Mar 2026
Import Prices 150.50 147.70 points May 2026
Import Prices MoM 1.90 2.00 percent May 2026
Import Prices YoY 6.70 4.20 percent May 2026
Consumer Inflation Expectations 3.70 3.50 percent Jun 2026
Inflation Rate YoY 4.20 3.80 percent May 2026
Inflation Rate MoM 0.50 0.60 percent May 2026
Michigan 5 Year Inflation Expectations 3.30 3.90 percent Jun 2026
Michigan Inflation Expectations 4.60 4.80 percent Jun 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 142.34 141.14 points May 2026
PPI Ex Food, Energy and Trade MoM 0.80 0.50 percent May 2026
PPI Ex Food, Energy and Trade YoY 5.10 4.40 percent May 2026
PPI MoM 1.10 1.10 percent May 2026
PPI 157.66 156.01 points May 2026
PPI YoY 6.50 5.70 percent May 2026
Shelter Inflation 3.40 3.30 percent May 2026
Services Inflation 3.50 3.40 Percent May 2026


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
4.60 4.80 10.40 0.40 1978 - 2026 percent Monthly
1966Q1=100, NSA

News Stream
US 1-Year Inflation Outlook Unrevised in June
The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, stood at 4.6% in June 2026, in line with the initial estimate and down from a nine-month high of 4.8% in May. However, they remained well above the 3.4% recorded in February, before the Iran conflict began. In the meantime, the five-year inflation outlook was revised slightly down to 3.3% from the preliminary 3.4% and below May's seven-month high of 3.9%.
2026-06-26
US 1-Year Inflation Outlook Softens in June
The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, eased to 4.6% in June 2026 from a nine-month high of 4.8% in May, preliminary estimates showed. At the same time, the five-year inflation outlook fell to 3.4% in June from a seven-month high of 3.9% in the month before.
2026-06-12
US 1-Year Inflation Outlook Revised Higher
The year-ahead inflation outlook in the United States, as compiled by the survey of the University of Michigan, was revised up to 4.8% in May 2026, from an earlier estimate of 4.5% and compared to April's 4.7%, reaching the highest level since August last year. Meanwhile, five-year inflation expectations were also revised to 3.9%, the highest in seven months, up from 3.4% previously and 3.5% in April.
2026-05-22