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United States Michigan 5 Year Inflation Expectations

Price

3 %
Change +/-
+0 %
Percentage Change
+0 %

The current value of the Michigan 5 Year Inflation Expectations in United States is 3 %. The Michigan 5 Year Inflation Expectations in United States decreased to 3 % on 5/1/2024, after it was 3 % on 4/1/2024. From 2/1/1979 to 6/1/2024, the average GDP in United States was 3.19 %. The all-time high was reached on 2/1/1980 with 9.7 %, while the lowest value was recorded on 12/1/2019 with 2.2 %.

Source: University of Michigan

Michigan 5 Year Inflation Expectations

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Michigan 5-Year Inflation Expectations

Michigan 5 Year Inflation Expectations History

DateValue
5/1/20243 %
4/1/20243 %
3/1/20242.8 %
2/1/20242.9 %
1/1/20242.9 %
12/1/20232.9 %
11/1/20233.2 %
10/1/20233 %
9/1/20232.8 %
8/1/20233 %
1
2
3
4
5
...
46

Similar Macro Indicators to Michigan 5 Year Inflation Expectations

NameCurrentPreviousFrequency
🇺🇸
Consumer Price Index (CPI)
315.664 points315.3 pointsMonthly
🇺🇸
Consumer Price Index for Housing and Utilities
335.056 points334.087 pointsMonthly
🇺🇸
Core Consumer Prices
321.67 points320.77 pointsMonthly
🇺🇸
Core CPI
2.3 %2.4 %Monthly
🇺🇸
Core Inflation Rate
3.4 %3.6 %Monthly
🇺🇸
Core Inflation Rate MoM
0.3 %0.3 %Monthly
🇺🇸
Core PCE Price Index
122.045 points121.944 pointsMonthly
🇺🇸
Core PCE Price Index Annual Change
2.6 %2.8 %Monthly
🇺🇸
Core PCE Price Index MoM
0.3 %0.2 %Monthly
🇺🇸
Core PCE Prices QoQ
2.2 %2.8 %Quarter
🇺🇸
Core Producer Prices
142 points141.94 pointsMonthly
🇺🇸
Core Producer Prices MoM
0 %0.5 %Monthly
🇺🇸
Core Producer Prices YoY
3.1 %2.9 %Monthly
🇺🇸
CPI Transport
269.724 points269.604 pointsMonthly
🇺🇸
Energy Inflation
-4.9 %-6.8 %Monthly
🇺🇸
Export Prices
146.8 points147.9 pointsMonthly
🇺🇸
Export Prices MoM
-0.6 %0.6 %Monthly
🇺🇸
Export Prices YoY
0.6 %-1 %Monthly
🇺🇸
Food Inflation
2.1 %2.3 %Monthly
🇺🇸
GDP Deflator
125.5 points124.94 pointsQuarter
🇺🇸
Import Prices
141.2 points141.8 pointsMonthly
🇺🇸
Import Prices MoM
0.3 %-0.4 %Monthly
🇺🇸
Import Prices YoY
1.1 %1.1 %Monthly
🇺🇸
Inflation Expectations
2.9 %3 %Monthly
🇺🇸
Inflation Rate
3.3 %3.4 %Monthly
🇺🇸
Inflation Rate MoM
0.2 %-0.1 %Monthly
🇺🇸
Median-CPI
4.32 %4.48 %Monthly
🇺🇸
Michigan Inflation Expectations
3 %3.3 %Monthly
🇺🇸
PCE Price Index
123.096 points123.106 pointsMonthly
🇺🇸
PCE Price Index annual change
2.1 %2.3 %Monthly
🇺🇸
PCE Price Index Monthly Change
0 %0.3 %Monthly
🇺🇸
PCE Prices QoQ
1.5 %2.5 %Quarter
🇺🇸
PPI excluding Food, Energy, and Trade Services
131.634 points131.532 pointsMonthly
🇺🇸
PPI Excluding Food, Energy, and Trade Services MoM
0 %0.4 %Monthly
🇺🇸
PPI excluding Food, Energy, and Trade Services YoY
3.3 %3.2 %Monthly
🇺🇸
Producer Price Change
2.2 %2.3 %Monthly
🇺🇸
Producer Price Inflation MoM
-0.2 %0.5 %Monthly
🇺🇸
Producer prices
143.822 points144.063 pointsMonthly
🇺🇸
Rental inflation
4.9 %4.9 %Monthly
🇺🇸
Seasonally Adjusted Consumer Price Index
313.534 points313.049 pointsMonthly
🇺🇸
Service Inflation
4.9 %5 %Monthly
🇺🇸
Trimmed Mean of the Consumer Price Index
3.42 %3.52 %Monthly

The Index of Consumer Expectations encompasses three primary areas: consumers' perspectives on their own financial prospects, their outlook on the general economy in the near term, and their views on the long-term economic prospects. Each monthly survey includes around 50 core questions, each tracking distinct aspects of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to represent all American households, excluding those in Alaska and Hawaii. A minimum of 500 interviews are conducted via telephone each month.

What is Michigan 5 Year Inflation Expectations?

The Michigan 5 Year Inflation Expectations is a critical metric in the field of macroeconomics and plays an instrumental role in shaping financial strategies, economic policies, and investment decisions. As a focal point for economists, policymakers, investors, and financial analysts, understanding this metric can provide invaluable insights into the future state of the economy and inflation trends. At Eulerpool, our commitment to providing comprehensive and detailed macroeconomic data underscores the significance of this specific metric. Inflation expectations provide a window into the future, projecting how average consumers anticipate the cost of goods and services to change over the medium term. Specifically, the Michigan 5 Year Inflation Expectations gauge these projections over a five-year horizon. This measurement is derived from the University of Michigan’s Surveys of Consumers, a renowned and trusted source of economic sentiment. These surveys distill the expectations of a representative sample of consumers regarding inflation, thus offering a nuanced understanding of future inflationary pressures. The importance of the Michigan 5 Year Inflation Expectations cannot be overstated. Firstly, it serves as a crucial indicator for the Federal Reserve and other central banks when formulating monetary policy. By understanding how inflation is anticipated to evolve, central banks can adjust interest rates and other monetary tools to stabilize the economy, aiming to maintain an optimal balance between inflation and employment. A rise in the expected rate of inflation might prompt the central bank to increase interest rates to manage inflationary pressures, while a decline could lead to more accommodative monetary policies to spur economic growth. In the realm of investment, the Michigan 5 Year Inflation Expectations holds substantial significance. Investors keenly observe this metric to adjust their portfolios accordingly. High inflation expectations typically result in a favoring of assets that provide a hedge against inflation, such as commodities and real estate, over nominal assets like bonds whose returns may be eroded by higher prices. Conversely, lower inflation expectations might increase the attractiveness of fixed-income securities, as the real value of their returns would still be preserved. Moreover, the Michigan 5 Year Inflation Expectations are integral to the business community. Corporations use this metric to make informed decisions on pricing, wage adjustments, and long-term investment planning. If businesses anticipate higher inflation, they may choose to adjust prices sooner or secure long-term supply contracts to hedge against future cost increases. This forward-looking strategy is essential for maintaining profitability in the face of changing economic conditions. From a consumer perspective, inflation expectations shape behaviors and attitudes towards spending and saving. If consumers expect higher inflation in the future, they may accelerate their purchases in the present to avoid paying more later, thus influencing demand dynamics and overall economic activity. By contrast, lower inflation expectations might encourage saving, influencing economic growth patterns. At Eulerpool, we emphasize the comprehensive understanding of the Michigan 5 Year Inflation Expectations due to its broad impact on economic forecasts and financial planning. Our platform provides detailed, up-to-date data that integrates this metric within the broader context of macroeconomic indicators. This enables users to analyze trends and correlations, empowering them with the information needed to make strategic decisions. In addition, examining the historical trends of Michigan 5 Year Inflation Expectations can yield valuable insights into economic cycles and the efficacy of past policy measures. For instance, periods of abrupt changes in inflation expectations can often highlight pivotal moments in economic history, such as the aftermath of the financial crisis or the response to significant policy shifts. Understanding these patterns can aid analysts in predicting future movements and preparing for economic contingencies. It's also important to consider how global factors interconnect with national inflation expectations. While the Michigan 5 Year Inflation Expectations primarily reflect U.S. sentiment, global economic events such as oil price fluctuations, geopolitical tensions, and international trade dynamics can influence domestic inflation outlooks. As global markets become increasingly interconnected, the ability to contextualize national data within a global framework becomes ever more critical for accurate forecasting and strategy development. Further, the Michigan 5 Year Inflation Expectations contribute to the broader discourse on economic inequality and social policy. Inflation can have differential impacts across various socioeconomic groups. For example, lower-income households often spend a larger proportion of their income on necessities that are more susceptible to price changes. Hence, understanding inflation expectations can inform social policies aimed at mitigating the regressive effects of inflation, ensuring economic stability is achieved in an inclusive and equitable manner. Conclusively, the Michigan 5 Year Inflation Expectations is a multifaceted indicator that integrates consumer sentiment with broader economic predictions. Its implications span monetary policy, investment strategy, corporate planning, and consumer behavior, affirming its critical role in the macroeconomic landscape. At Eulerpool, we are dedicated to providing a platform that delivers this essential data with precision and clarity, supporting our users in making informed, strategic, and forward-looking decisions. By presenting the Michigan 5 Year Inflation Expectations within a cohesive macroeconomic framework, Eulerpool empowers its users to navigate the complexities of economic planning and forecasting with confidence and expertise.