The year-ahead inflation expectations in the United States eased for the fourth month to 2.7% in August 2024, the lowest since December 2020, matching the preliminary estimate, down from 2.8% in the prior month, the University of Michigan Consumer Survey showed. In the meantime, the five-year outlook was confirmed at a near one-year high of 3.1% in August, up from 3% in the previous month. source: University of Michigan

Michigan Inflation Expectations in the United States decreased to 2.70 percent in September from 2.80 percent in August of 2024. Michigan Inflation Expectations in the United States averaged 3.58 percent from 1978 until 2024, 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 September of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-13 02:00 PM Michigan Inflation Expectations Prel Sep 2.7% 2.8% 2.8% 2.8%
2024-09-27 02:00 PM Michigan Inflation Expectations Final Sep 2.7% 2.8% 2.7% 2.7%
2024-10-11 02:00 PM Michigan Inflation Expectations Prel Oct 2.7%


Related Last Previous Unit Reference
CPI 314.80 314.54 points Aug 2024
Core Consumer Prices 319.77 318.87 points Aug 2024
Core Inflation Rate YoY 3.20 3.20 percent Aug 2024
Core Inflation Rate MoM 0.30 0.20 percent Aug 2024
Core PCE Price Index 122.86 122.70 points Aug 2024
Core PCE Price Index YoY 2.68 2.65 percent Aug 2024
Core PCE Price Index MoM 0.10 0.20 percent Aug 2024
Core PCE Prices 2.80 3.70 percent Jun 2024
Core Producer Prices 143.19 142.73 points Aug 2024
Core PPI MoM 0.30 -0.20 percent Aug 2024
Core PPI YoY 2.40 2.40 percent Aug 2024
CPI Core Core YoY 2.30 2.40 percent Aug 2024
CPI Housing Utilities 335.93 335.06 points Aug 2024
CPI Median 4.26 4.15 percent Jul 2024
CPI s.a 314.12 313.53 points Aug 2024
CPI Transportation 271.39 273.33 points Aug 2024
CPI Trimmed-Mean 3.31 3.34 percent Jul 2024
Energy Inflation -4.00 1.10 Percent Aug 2024
Export Prices 148.20 149.20 points Aug 2024
Export Prices MoM -0.70 0.50 percent Aug 2024
Export Prices YoY -0.70 1.20 percent Aug 2024
Food Inflation 2.10 2.20 percent Aug 2024
GDP Price Index 124.94 124.16 points Jun 2024
Import Prices 141.40 141.80 points Aug 2024
Import Prices MoM -0.30 0.10 percent Aug 2024
Import Prices YoY 0.80 1.70 percent Aug 2024
Consumer Inflation Expectations 3.00 3.00 percent Aug 2024
Inflation Rate YoY 2.50 2.90 percent Aug 2024
Inflation Rate MoM 0.20 0.20 percent Aug 2024
Michigan 5 Year Inflation Expectations 3.10 3.00 percent Sep 2024
Michigan Inflation Expectations 2.70 2.80 percent Sep 2024
PCE Price Index 123.67 123.56 points Aug 2024
PCE Price Index YoY 2.24 2.45 percent Aug 2024
PCE Price Index MoM 0.10 0.20 percent Aug 2024
PCE Prices 2.50 3.40 percent Jun 2024
PPI Ex Food Energy and Trade Services 132.70 132.36 points Aug 2024
PPI Ex Food, Energy and Trade MoM 0.30 0.30 percent Aug 2024
PPI Ex Food, Energy and Trade YoY 3.30 3.20 percent Aug 2024
PPI MoM 0.20 0.00 percent Aug 2024
PPI 144.85 144.51 points Aug 2024
PPI YoY 1.70 2.10 percent Aug 2024
Rent Inflation 5.20 5.10 percent Aug 2024
Services Inflation 4.90 4.90 Percent Aug 2024

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
2.70 2.80 10.40 0.40 1978 - 2024 percent Monthly
1966Q1=100, NSA


News Stream
US Inflation Expectations Confirmed at Near 4-Year Low
The year-ahead inflation expectations in the United States eased for the fourth month to 2.7% in August 2024, the lowest since December 2020, matching the preliminary estimate, down from 2.8% in the prior month, the University of Michigan Consumer Survey showed. In the meantime, the five-year outlook was confirmed at a near one-year high of 3.1% in August, up from 3% in the previous month.
2024-09-27
US Year-Ahead Inflation Expectations at Near 4-Year Low
The year-ahead inflation expectations in the United States eased for the fourth month to 2.7% in August 2024, the lowest since December 2020, slightly below market forecasts of 2.8%, according to the preliminary estimate from the University of Michigan Consumer Survey. In the meantime, the five-year outlook ticked up to a near one-year high of 3.1% in August, from 3% in the previous month.
2024-09-13
US Year-Ahead Inflation Expectations Revised Down
The year-ahead inflation expectations in the United States compiled by the University of Michigan were revised down to 2.8% in August 2024, the lowest since December 2020, compared to an earlier estimate of 2.9% and easing from 2.9% in the prior month, according to final figures. In the meantime, the five-year outlook remained steady for the fifth straight month at 3% in August, in line with the preliminary estimate.
2024-08-30