Historical Year Data · 2003

Michigan Inflation Expectations in 2003

Michigan Inflation Expectations opened 2003 at 2.50% and closed at 2.60%, a +4.00% move for the year. The high of 3.10% was reached on March 1, and the low of 1.70% on July 1.

Open

2.50%

2003-01

2.60%

12 data points

High

3.10%

Mar 1

Low

1.70%

Jul 1

Full Year Change

+4.00%

2002 Change

+31.58%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.50%	2.50%	2.50%	2.50%	+0.00%
Feb	2.70%	2.70%	2.70%	2.70%	+0.00%
Mar	3.10%	3.10%	3.10%	3.10%	+0.00%
Apr	2.40%	2.40%	2.40%	2.40%	+0.00%
May	2.00%	2.00%	2.00%	2.00%	+0.00%
Jun	2.10%	2.10%	2.10%	2.10%	+0.00%
Jul	1.70%	1.70%	1.70%	1.70%	+0.00%
Aug	2.50%	2.50%	2.50%	2.50%	+0.00%
Sep	2.80%	2.80%	2.80%	2.80%	+0.00%
Oct	2.60%	2.60%	2.60%	2.60%	+0.00%
Nov	2.70%	2.70%	2.70%	2.70%	+0.00%
Dec	2.60%	2.60%	2.60%	2.60%	+0.00%

Events During 2003

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.

Previous Year

← Michigan Inflation Expectations in 2002

Next Year

Michigan Inflation Expectations in 2004→