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University of Michigan: Inflation Expectation (1-year)

Series MICH — UMich 1yr expected inflation.

Latest value: 4.00% for August 2026, −0.80 pp from a year earlier (against August 2025). 128 monthly observations from January 2016 to August 2026, in percent. Source: FRED (FRED route); context series, not an input to the Nowflation CPI Gauge.

Latest observations

PeriodValue
August 20264.00%
July 20264.20%
June 20264.60%
May 20264.80%
April 20264.70%
March 20263.80%
February 20263.40%
January 20264.00%
December 20254.20%
November 20254.50%
October 20254.60%
September 20254.70%

Cite

This series is FRED data, shown on this page under its owner's terms. It is not offered as a download or an embed; for the full history, go to FRED. Copyrighted by its owner and reprinted on FRED with permission; retrieved from FRED, Federal Reserve Bank of St. Louis.

Cite: Nowflation, “University of Michigan: Inflation Expectation (1-year)” (MICH), data from FRED, retrieved October 18, 2026, https://nowflation.com/series/MICH. The series at its source: FRED.

Related series

1-Year Expected Inflation (Federal Reserve Bank of Cleveland) · Cleveland Fed 10yr expected inflation · University of Michigan: Consumer Sentiment

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