Historical Year Data · 2002

Michigan Inflation Expectations in 2002

Michigan Inflation Expectations opened 2002 at 1.90% and closed at 2.50%, a +31.58% move for the year. The high of 2.80% was reached on April 1, and the low of 1.90% on January 1.

Open

1.90%

2002-01

2.50%

12 data points

High

2.80%

Apr 1

Low

1.90%

Jan 1

Full Year Change

+31.58%

2001 Change

-40.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1.90%	1.90%	1.90%	1.90%	+0.00%
Feb	2.10%	2.10%	2.10%	2.10%	+0.00%
Mar	2.70%	2.70%	2.70%	2.70%	+0.00%
Apr	2.80%	2.80%	2.80%	2.80%	+0.00%
May	2.70%	2.70%	2.70%	2.70%	+0.00%
Jun	2.70%	2.70%	2.70%	2.70%	+0.00%
Jul	2.60%	2.60%	2.60%	2.60%	+0.00%
Aug	2.60%	2.60%	2.60%	2.60%	+0.00%
Sep	2.50%	2.50%	2.50%	2.50%	+0.00%
Oct	2.50%	2.50%	2.50%	2.50%	+0.00%
Nov	2.40%	2.40%	2.40%	2.40%	+0.00%
Dec	2.50%	2.50%	2.50%	2.50%	+0.00%

Events During 2002

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

1998 Euro Launch & 1999 Introduction

Goldilocks

May 1998 – January 2002

Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.

2000 Dotcom Crash

Deflation

March 2000 – October 2002

The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.

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