Michigan 5-Year Inflation Expectations are calculated monthly based on a telephone survey of at least 500 US households. Respondents estimate whether prices for consumer goods and services will grow, fall or remain unchanged during the next five years.
Specialists analyze Michigan Expectations to evaluate consumer mood, intentions and potential impact on national economy.
The chart of the entire available history of the "University of Michigan United States 5-Year Inflation Expectations" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.