Historical Year Data · 2022
Michigan Inflation Expectations in 2022
Michigan Inflation Expectations opened 2022 at 4.90% and closed at 4.30%, a -12.24% move for the year. The high of 5.40% was reached on March 1, and the low of 4.30% on December 1.
Open
4.90%
2022-01
Close
4.30%
12 data points
High
5.40%
Mar 1
Low
4.30%
Dec 1
Full Year Change
-12.24%
2021 Change
+60.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.90% | 4.90% | 4.90% | 4.90% | +0.00% |
| Feb | 4.90% | 4.90% | 4.90% | 4.90% | +0.00% |
| Mar | 5.40% | 5.40% | 5.40% | 5.40% | +0.00% |
| Apr | 5.40% | 5.40% | 5.40% | 5.40% | +0.00% |
| May | 5.30% | 5.30% | 5.30% | 5.30% | +0.00% |
| Jun | 5.30% | 5.30% | 5.30% | 5.30% | +0.00% |
| Jul | 5.20% | 5.20% | 5.20% | 5.20% | +0.00% |
| Aug | 4.80% | 4.80% | 4.80% | 4.80% | +0.00% |
| Sep | 4.70% | 4.70% | 4.70% | 4.70% | +0.00% |
| Oct | 5.00% | 5.00% | 5.00% | 5.00% | +0.00% |
| Nov | 5.00% | 5.00% | 5.00% | 5.00% | +0.00% |
| Dec | 4.30% | 4.30% | 4.30% | 4.30% | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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