The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, stood at an over one-year low of 3.4% in March 2026, matching February's reading, preliminary estimates showed. In the meantime, the five-year inflation outlook eased to 3.2%, from 3.3% in each of the previous two months. source: University of Michigan

Michigan Inflation Expectations in the United States remained unchanged at 3.40 percent in March. 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 March of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-20 03:00 PM
Michigan Inflation Expectations Final
Feb 3.4% 4% 3.5% 3.5%
2026-03-13 02:00 PM
Michigan Inflation Expectations Prel
Mar 3.4% 3.4% 3.9%
2026-03-27 02:00 PM
Michigan Inflation Expectations Final
Mar 3.4% 3.4% 3.4%


Related Last Previous Unit Reference
CPI 326.79 325.25 points Feb 2026
Core Consumer Prices 333.51 332.79 points Feb 2026
Core Inflation Rate YoY 2.50 2.50 percent Feb 2026
Core Inflation Rate MoM 0.20 0.30 percent Feb 2026
Core PCE Price Index 128.39 127.93 points Jan 2026
Core PCE Price Index YoY 3.10 3.00 percent Jan 2026
Core PCE Price Index MoM 0.40 0.40 percent Jan 2026
Core PCE Prices QoQ 2.70 2.90 percent Dec 2025
Core Producer Prices 152.08 151.34 points Feb 2026
Core PPI MoM 0.50 0.80 percent Feb 2026
Core PPI YoY 3.90 3.50 percent Feb 2026
CPI Core Core YoY 2.40 2.40 percent Feb 2026
CPI Housing Utilities 353.74 352.54 points Feb 2026
CPI Median 2.90 3.00 percent Feb 2026
CPI s.a 327.46 326.59 points Feb 2026
CPI Transportation 269.61 267.52 points Feb 2026
CPI Trimmed-Mean 2.70 2.70 percent Feb 2026
Energy Inflation 0.50 -0.10 Percent Feb 2026
Export Prices 158.00 155.60 points Feb 2026
Export Prices MoM 1.50 0.60 percent Feb 2026
Export Prices YoY 3.50 2.60 percent Feb 2026
Food Inflation 3.10 2.90 percent Feb 2026
GDP Price Index 130.65 129.43 points Dec 2025
Import Prices 144.00 142.20 points Feb 2026
Import Prices MoM 1.30 0.60 percent Feb 2026
Import Prices YoY 1.30 0.30 percent Feb 2026
Consumer Inflation Expectations 3.00 3.10 percent Feb 2026
Inflation Rate YoY 2.40 2.40 percent Feb 2026
Inflation Rate MoM 0.30 0.20 percent Feb 2026
Michigan 5 Year Inflation Expectations 3.20 3.30 percent Mar 2026
Michigan Inflation Expectations 3.40 3.40 percent Mar 2026
PCE Price Index 128.97 128.62 points Jan 2026
PCE Price Index YoY 2.80 2.90 percent Jan 2026
PCE Price Index MoM 0.30 0.40 percent Jan 2026
PCE Prices QoQ 2.90 2.80 percent Dec 2025
PPI Ex Food Energy and Trade Services 140.06 139.32 points Feb 2026
PPI Ex Food, Energy and Trade MoM 0.50 0.40 percent Feb 2026
PPI Ex Food, Energy and Trade YoY 3.50 3.40 percent Feb 2026
PPI MoM 0.70 0.50 percent Feb 2026
PPI 153.23 152.19 points Feb 2026
PPI YoY 3.40 2.90 percent Feb 2026
Rent Inflation 3.00 3.00 percent Feb 2026
Services Inflation 3.10 3.20 Percent Feb 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
3.40 3.40 10.40 0.40 1978 - 2026 percent Monthly
1966Q1=100, NSA

News Stream
US 1-Year Inflation Outlook Steady
The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, stood at an over one-year low of 3.4% in March 2026, matching February's reading, preliminary estimates showed. In the meantime, the five-year inflation outlook eased to 3.2%, from 3.3% in each of the previous two months.
2026-03-13
US 1-Year Inflation Outlook Revised Down
The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, was revised slightly down to an over one-year low of 3.4% in February 2026, compared to an earlier estimate of 3.5%, and below January's 4%. In the meantime, the five-year inflation outlook was also revised to 3.3% from an earlier estimate of 3.4%, matching January's reading.
2026-02-20
US 1-Year Inflation Outlook Falls to Over 1-Year Low
The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, eased for a sixth straight month to an over one-year low of 3.5% in February 2026, compared to January's 4%, preliminary estimates showed. In the meantime, the five-year inflation outlook increased for the second month to 3.4% from 3.3% in January.
2026-02-06