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 July 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.

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United States Consumer Inflation Expectations



Calendar GMT Actual Previous Consensus TEForecast
2022-05-09 03:00 PM Apr 6.3% 6.6% 6.8%
2022-06-13 03:00 PM May 6.6% 6.3% 6.2%
2022-07-12 03:00 PM Jun 6.6%


Related Last Previous Unit Reference
Inflation Expectations 6.60 6.30 percent May 2022

United States Consumer Inflation Expectations
In the US, inflation expectations refer to median one year ahead expected inflation rate and are part of the Survey of Consumer Expectations. The expectations are based on the nationally representative, internet-based survey of a rotating panel of approximately 1,300 heads of households.
Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.30 6.60 2.33 2013 - 2022 percent Monthly
NSA

News Stream
US Inflation Expectations Back to Record High
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%.
2022-06-13
US Inflation Expectations Ease from Record Levels
US consumer inflation expectations for the year ahead fell to 6.3% in April of 2022 from a record high of 6.6% in March. Expectations about year-ahead price changes fell sharply by 4.4 percentage points to 5.2% for the price of gas and other decreases were also seen for food (-0.2 percentage points to 9.4%) and medical care (-0.1 percentage point to 9.5%). On the other hand, expectations for median home price (6%) and earnings growth (3%) were unchanged while consumers expect prices to rise faster for college education (0.6 percentage point to 9.1%) and rent (0.1 percentage point to 10.3%). Also, three-year-ahead inflation expectations rose by 0.2 percentage point to 3.9%.
2022-05-09
US Inflation Expectations Break Another All-Time High
US consumer inflation expectations for the year ahead jumped to a fresh record high of 6.6% in March of 2022 from 6% in February. Expectations about year-ahead price changes increased by 0.8 percentage point for gas (to 9.6%), by 0.4 percentage point for food (to 9.6%) and by 0.3 percentage point for home (to 6%). On the other hand, they were roughly flat for rent (at 10.2%) and medical care (at 9.6%) and decreased by 0.5 percentage point to 8.5% for college education. Meanwhile, year-ahead spending growth expectations increased to a new series high but labor market and income growth expectations receded somewhat, and respondents turned less optimistic about their year-ahead household's financial situation. On the other hand, inflation expectations for the medium-term declined to 3.7% from 3.8%.
2022-04-11