United States Inflation Expectations

Last Release

Mar 31, 2024

Actual

Units In

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
6.8 Jun 2022	2.33 Oct 2019	3.37 %	2013-2024	Federal Reserve Bank of New York

In the US, inflation expectations refer to median one year ahead expected inflation rate. The expectations are based on the nationally representative, internet-based survey of a rotating panel of approximately 1,200 heads of households.

Latest Updates

US consumer inflation expectations for the year ahead remained steady at 3% for a third consecutive month in March 2024, holding at three-year lows. Consumers expect higher prices for gas (+0.2 percentage points to 4.5%), food (+0.2 percentage points to 5.1%), medical care (+1.3 percentage points to 8.1%), rent (+2.6 percentage points to 8.7%) and college education (+0.7 percentage points to 6.5%). On the other hand, median home price growth expectations were unchanged for the sixth consecutive month at 3.0%. Meanwhile, the median three-year ahead inflation expectations increased to 2.9% from 2.7%, whereas the median five-year ahead decreased to 2.6% from 2.9%.