Historical Year Data · 2025

2Y Expected Inflation (Cleveland) in 2025

2Y Expected Inflation (Cleveland) opened 2025 at 2.55% and closed at 2.74%, a +7.54% move for the year. The high of 2.74% was reached on December 1, and the low of 2.26% on March 1.

Open

2.55%

2025-01

2.74%

12 data points

High

2.74%

Dec 1

Low

2.26%

Mar 1

Full Year Change

+7.54%

2024 Change

+7.56%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.55%	2.55%	2.55%	2.55%	+0.00%
Feb	2.61%	2.61%	2.61%	2.61%	+0.00%
Mar	2.26%	2.26%	2.26%	2.26%	+0.00%
Apr	2.62%	2.62%	2.62%	2.62%	+0.00%
May	2.50%	2.50%	2.50%	2.50%	+0.00%
Jun	2.38%	2.38%	2.38%	2.38%	+0.00%
Jul	2.56%	2.56%	2.56%	2.56%	+0.00%
Aug	2.48%	2.48%	2.48%	2.48%	+0.00%
Sep	2.55%	2.55%	2.55%	2.55%	+0.00%
Oct	2.50%	2.50%	2.50%	2.50%	+0.00%
Nov	2.50%	2.50%	2.50%	2.50%	+0.00%
Dec	2.74%	2.74%	2.74%	2.74%	+0.00%

Events During 2025

2025 US Tariff Shock

Stagflation

February – April 2025

The Trump administration imposed reciprocal tariffs averaging 25% on most trading partners in February-April 2025. Markets priced the most aggressive trade policy shift since 1930, with ripple effects across currencies, bond yields, and supply chains.

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