University of Michigan Inflation Expectations demonstrate how US consumers estimate the possibility of growth in prices for goods and services for the next 12 months. The index is calculated monthly based on data collected from a telephone survey of at least 500 US households. The questionnaire includes more than 50 questions on three broad areas of consumer sentiment: personal finance, business conditions and purchasing power.
Inflationary expectations are evaluated based on how respondents answer the following questions:
Also consumers forecast their real income for the same period.
Michigan University Inflation Expectations allows evaluating what dynamics consumers expect and how they may spend money in the future. The index normally correlates well with other indexes characterizing inflation (CPI, etc.). The questionnaire covers everyday life across the country, with the exception of Alaska and Hawaii. That is why the index is considered to be a representative leading indicator of inflation and consumer activity.
Lower readings indicate that consumers do not expect prices to rise. Conversely, the index growth suggests that households are ready for price increase. The Michigan Inflation Expectations index growth is generally seen as positive for the US dollar.
The chart of the entire available history of the "University of Michigan United States 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.
Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.
The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.