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, 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%.

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.

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.