US consumer inflation expectations for the year ahead fell sharply to 4.2% in February of 2023, the lowest since May of 2021, and compared to 5% in the previous two months. Consumers expect prices to rise at a slower pace for gas (-0.4 percentage point to 4.7%), food (-1.7 percentage point to 7.3%), medical care (-0.3 percentage point to 9.4%), college education (-1.2 percentage point to 8.1%), and rent (-0.2 percentage point to 9.4%). On the other hand, median home price growth expectations increased by 0.3 percentage points to 1.4%. Meanwhile, inflation expectations for the three-year horizon remained unchanged at 2.7% and increased by 0.1 percentage point to 2.6% at the five-year-ahead horizon. At the same time, improvements were seen in labor market expectations and households’ perceptions and expectations for current and future financial situations. source: Federal Reserve Bank of New York
Inflation Expectations in the United States averaged 3.35 percent from 2013 until 2023, reaching an all time high of 6.80 percent in June 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 March of 2023.
Inflation Expectations in the United States is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.