US consumer inflation expectations for the year ahead fell to 6.2% in July of 2022, the lowest reading in five months, from a record high of 6.8% in June. Expectations fell sharply for gas (-4.2 percentage points to 1.5%, the second largest drop ever) and food price changes (-2.5 percentage points to 6.7%, the biggest decline on record). There were also smaller declines in expectations about year-ahead changes in rent (to 9.9% from 10.3%), medical care (to 9.2% from 9.5%), and college education (to 8.4% from 8.7%). Meanwhile, the median household spending growth expectation fell for the second straight month to 6.9%. Also, the probability that the unemployment rate will be higher one year from now decreased by 0.2 percentage point to 40.2%. The three-year-ahead inflation expectations declined to 3.2% from 3.6%. source: Federal Reserve Bank of New York
Inflation Expectations in the United States averaged 3.23 percent from 2013 until 2022, 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 August of 2022.
Inflation Expectations in the United States is expected to be 6.20 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.