Year-ahead inflation expectations in the US, measured by the University of Michigan Surveys of Consumers, fell to 4.3% in November 2026 from a five-month high of 4.7% in October, according to a preliminary estimate. Meanwhile, the five-year inflation outlook edged down to 3.4% from 3.5% in the prior month, which was the highest reading since May. source: University of Michigan

Michigan Inflation Expectations in the United States decreased to 4.30 percent in November from 4.70 percent in October of 2026. Michigan Inflation Expectations in the United States averaged 3.62 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 November of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-23 02:00 PM
Michigan Inflation Expectations Final
Oct 4.7% 4.6% 4.7% 4.7%
2026-11-06 03:00 PM
Michigan Inflation Expectations Prel
Nov 4.3% 4.7% 4.7%
2026-11-20 03:00 PM
Michigan Inflation Expectations Final
Nov 4.7% 4.3%


Related Last Previous Unit Reference
CPI 336.94 334.98 points Sep 2026
Core Consumer Prices 338.90 337.77 points Sep 2026
Core Inflation Rate YoY 2.60 2.40 percent Sep 2026
Core Inflation Rate MoM 0.30 0.30 percent Sep 2026
Core PCE Price Index 130.90 130.49 points Sep 2026
Core PCE Price Index YoY 3.10 3.00 percent Sep 2026
Core PCE Price Index MoM 0.30 0.30 percent Sep 2026
Core PCE Prices QoQ 2.50 3.30 percent Sep 2026
Core Producer Prices 156.17 155.12 points Sep 2026
Core PPI MoM 0.70 0.20 percent Sep 2026
Core PPI YoY 5.00 4.80 percent Sep 2026
CPI Core Core YoY 2.30 2.20 percent Sep 2026
CPI Housing Utilities 361.39 360.23 points Sep 2026
CPI Median 2.60 2.60 percent Sep 2026
CPI s.a 336.30 334.13 points Sep 2026
CPI Transportation 295.86 290.78 points Sep 2026
CPI Trimmed-Mean 2.70 2.60 percent Sep 2026
Energy Inflation 20.40 16.30 Percent Sep 2026
Export Prices 170.80 167.20 points Sep 2026
Export Prices MoM 2.20 1.20 percent Sep 2026
Export Prices YoY 11.60 9.30 percent Sep 2026
Food Inflation 2.50 2.70 percent Sep 2026
GDP Price Index 134.13 133.41 points Sep 2026
Import Prices 152.20 150.50 points Sep 2026
Import Prices MoM 1.10 0.50 percent Sep 2026
Import Prices YoY 8.10 6.70 percent Sep 2026
Consumer Inflation Expectations 3.90 3.60 percent Sep 2026
Inflation Rate YoY 3.70 3.40 percent Sep 2026
Inflation Rate MoM 0.60 0.40 percent Sep 2026
Michigan 5 Year Inflation Expectations 3.40 3.50 percent Nov 2026
Michigan Inflation Expectations 4.30 4.70 percent Nov 2026
PCE Price Index 132.26 131.61 points Sep 2026
PCE Price Index YoY 3.60 3.40 percent Sep 2026
PCE Price Index MoM 0.50 0.30 percent Sep 2026
PCE Prices QoQ 2.10 5.00 percent Sep 2026
PPI Ex Food Energy and Trade Services 144.26 143.56 points Sep 2026
PPI Ex Food, Energy and Trade MoM 0.50 0.30 percent Sep 2026
PPI Ex Food, Energy and Trade YoY 5.00 4.80 percent Sep 2026
PPI MoM 1.30 0.50 percent Sep 2026
PPI 159.78 157.66 points Sep 2026
PPI YoY 6.30 5.60 percent Sep 2026
Shelter Inflation 3.20 3.00 percent Sep 2026
Services Inflation 3.20 3.10 Percent Sep 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
4.30 4.70 10.40 0.40 1978 - 2026 percent Monthly
1966Q1=100, NSA

News Stream
US Year-Ahead Inflation Expectations Ease
Year-ahead inflation expectations in the US, measured by the University of Michigan Surveys of Consumers, fell to 4.3% in November 2026 from a five-month high of 4.7% in October, according to a preliminary estimate. Meanwhile, the five-year inflation outlook edged down to 3.4% from 3.5% in the prior month, which was the highest reading since May.
2026-11-06
US Year-Ahead Inflation Outlook Confirmed at 5-Month High
Year-ahead inflation expectations in the United States, measured by the University of Michigan Surveys of Consumers, were confirmed at 4.7% in October 2026, the highest level since May, up from 4.6% in September. Meanwhile, the five-year inflation outlook increased for the second month to 3.5% in October, up from September's 3.4%, marking its highest since May and matching the preliminary reading.
2026-10-23
US Year-Ahead Inflation Expectations Hit 5-Month High
Year-ahead inflation expectations in the US, measured by the University of Michigan Surveys of Consumers, rose for the second month to 4.7% in October 2026, the highest level since May, up from 4.7% in September, according to a preliminary estimate. Meanwhile, the five-year inflation outlook also increased for the second month to 3.5% in October, its highest since May, up from 3.4% in September.
2026-10-09