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. source: University of Michigan

Michigan Inflation Expectations in the United States decreased to 3.40 percent in February from 4 percent in January 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 February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-06 03:00 PM
Michigan Inflation Expectations Prel
Feb 3.5% 4% 4.0%
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%


Related Last Previous Unit Reference
CPI 325.25 324.05 points Jan 2026
Core Consumer Prices 332.79 331.81 points Jan 2026
Core Inflation Rate YoY 2.50 2.60 percent Jan 2026
Core Inflation Rate MoM 0.30 0.20 percent Jan 2026
Core PCE Price Index 127.92 127.47 points Dec 2025
Core PCE Price Index YoY 3.00 2.83 percent Dec 2025
Core PCE Price Index MoM 0.40 0.20 percent Dec 2025
Core PCE Prices QoQ 2.70 2.90 percent Dec 2025
Core Producer Prices 150.25 149.27 points Dec 2025
Core PPI MoM 0.70 0.00 percent Dec 2025
Core PPI YoY 3.30 3.10 percent Dec 2025
CPI Core Core YoY 2.40 2.30 percent Jan 2026
CPI Housing Utilities 352.54 351.07 points Jan 2026
CPI Median 3.00 3.10 percent Jan 2026
CPI s.a 326.59 326.03 points Jan 2026
CPI Transportation 267.52 268.63 points Jan 2026
CPI Trimmed-Mean 2.70 2.90 percent Jan 2026
Energy Inflation -0.10 2.30 Percent Jan 2026
Export Prices 154.10 153.60 points Dec 2025
Export Prices MoM 0.30 0.00 percent Dec 2025
Export Prices YoY 3.10 3.20 percent Dec 2025
Food Inflation 2.90 3.10 percent Jan 2026
GDP Price Index 129.43 128.25 points Sep 2025
Import Prices 141.40 141.20 points Dec 2025
Import Prices MoM 0.10 -0.10 percent Dec 2025
Import Prices YoY 0.00 -0.10 percent Dec 2025
Consumer Inflation Expectations 3.10 3.40 percent Jan 2026
Inflation Rate YoY 2.40 2.70 percent Jan 2026
Inflation Rate MoM 0.20 0.30 percent Jan 2026
Michigan 5 Year Inflation Expectations 3.30 3.30 percent Feb 2026
Michigan Inflation Expectations 3.40 4.00 percent Feb 2026
PCE Price Index 128.61 128.15 points Dec 2025
PCE Price Index YoY 2.90 2.80 percent Dec 2025
PCE Price Index MoM 0.40 0.20 percent Dec 2025
PCE Prices QoQ 2.90 2.80 percent Dec 2025
PPI Ex Food Energy and Trade Services 139.01 138.51 points Dec 2025
PPI Ex Food, Energy and Trade MoM 0.40 0.20 percent Dec 2025
PPI Ex Food, Energy and Trade YoY 3.50 3.50 percent Dec 2025
PPI MoM 0.50 0.20 percent Dec 2025
PPI 151.47 150.73 points Dec 2025
PPI YoY 3.00 3.00 percent Dec 2025
Rent Inflation 3.00 3.20 percent Jan 2026
Services Inflation 3.20 3.30 Percent Jan 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 4.00 10.40 0.40 1978 - 2026 percent Monthly
1966Q1=100, NSA

News Stream
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
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 lower to 4% in January 2026, the lowest in a year, compared to an earlier estimate of 4.2%. The reading was also below December's 4.2%. In the meantime, the five-year inflation outlook came in at 3.3% in January, down slightly from the preliminary reading of 3.4% but above December's 3.2%.
2026-01-23