US consumer inflation expectations for the year ahead rose to 6.6% in May of 2022 from 6.3% in April, matching a record hit in March. After declining sharply last month, the year-ahead expected change in the price of gas rose slightly to 5.5%. On the other hand, the expected change in the price of food, medical care and rent all fell by 0.1 percentage point to 9.3%, 9.4%, and 10.2%, respectively. Similarly, the median expected change in the cost of a college education declined by 0.5 percentage points to 8.6%. Meanwhile, the median three-year-ahead inflation expectations remained unchanged at 3.9%. source: Federal Reserve Bank of New York
Inflation Expectations in the United States averaged 3.17 percent from 2013 until 2022, reaching an all time high of 6.60 percent in March of 2022 and a record low of 2.33 percent in October of 2019. This page provides - United States Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Consumer Inflation Expectations - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Inflation Expectations in the United States is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Consumer Inflation Expectations is projected to trend around 3.00 percent in 2023 and 2.40 percent in 2024, according to our econometric models.