United States Inflation Expectations

Last Release

Nov 30, 2025

Actual

3.2

Units In

3.2

Frequency

Monthly

Next Release

Jan 08, 2026

Time to Release

29 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
6.8 Jun 2022	2.33 Oct 2019	3.34 %	2013-2025	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

Median inflation expectations in the US held steady in November 2025, according to the Federal Reserve Bank of New York's Survey of Economic Expectations. The one-year-ahead median inflation expectation remained at 3.2%, while the three- and five-year-ahead horizons stayed at 3.0%. Median inflation uncertainty, reflecting the range of opinions on future inflation, was unchanged for the one- and three-year horizons and declined at the five-year horizon. Expectations for median home price growth remained unchanged at 3.0% for the sixth consecutive month. Year-ahead median expectations for commodity prices, however, showed notable increases: food rose 0.2 percentage points to 5.9%, gas climbed 0.6 points to 4.1%, medical care surged 0.7 points to 10.1% (the highest since January 2014), college education increased 0.2 points to 8.4%, and rent jumped 1.1 points to 8.3%.