Historical Year Data · 2006

Michigan Inflation Expectations in 2006

Michigan Inflation Expectations opened 2006 at 3.00% and closed at 2.90%, a -3.33% move for the year. The high of 4.00% was reached on May 1, and the low of 2.90% on December 1.

Open

3.00%

2006-01

2.90%

12 data points

High

4.00%

May 1

Low

2.90%

Dec 1

Full Year Change

-3.33%

2005 Change

+6.90%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	3.00%	3.00%	3.00%	3.00%	+0.00%
Feb	3.00%	3.00%	3.00%	3.00%	+0.00%
Mar	3.00%	3.00%	3.00%	3.00%	+0.00%
Apr	3.30%	3.30%	3.30%	3.30%	+0.00%
May	4.00%	4.00%	4.00%	4.00%	+0.00%
Jun	3.30%	3.30%	3.30%	3.30%	+0.00%
Jul	3.20%	3.20%	3.20%	3.20%	+0.00%
Aug	3.80%	3.80%	3.80%	3.80%	+0.00%
Sep	3.10%	3.10%	3.10%	3.10%	+0.00%
Oct	3.10%	3.10%	3.10%	3.10%	+0.00%
Nov	3.00%	3.00%	3.00%	3.00%	+0.00%
Dec	2.90%	2.90%	2.90%	2.90%	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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