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Michigan Inflation Expectations

University of Michigan 1-year inflation expectations, consumer survey measure.

The Michigan Inflation Expectations is currently 3.40%, last updated .

3.40%
1W -15.00%1M -15.00%3M -15.00%
Updated 0m ago
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Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.

Updated just now

AI Analysis

Apr 15, 2026

This gives the Fed some cover to look through if it's transitory — but political pressure and consumer expectations (Michigan 3.4%) complicate the 'transitory' narrative.

Recent Data

DateValueChange
Feb 1, 20263.40%-15.00%
Jan 1, 20264.00%-4.76%
Dec 1, 20254.20%-6.67%
Nov 1, 20254.50%-2.17%
Oct 1, 20254.60%-2.13%
Sep 1, 20254.70%-2.08%
Aug 1, 20254.80%+6.67%
Jul 1, 20254.50%-10.00%
Jun 1, 20255.00%-24.24%
May 1, 20256.60%—

Related in Inflation

CPI (All Urban)
Consumer Price Index for all urban consumers, the headline inflation gauge.
Core CPI (ex Food/Energy)
CPI excluding food and energy, less volatile measure of underlying inflation.
PCE Price Index
Personal Consumption Expenditures price index, the Fed's preferred inflation measure.
Core PCE (ex Food/Energy)
Core PCE excluding food and energy, the single most important inflation metric for the Fed.

Explore Further

Forecast 2026
Michigan Inflation Expectations Outlook
Scenario-weighted forecast using regime implied approach.
Comparison
Michigan Expectations vs Breakeven Inflation
Michigan consumer expectations reflect how actual people feel about future prices, while breakeven inflation reflects ho...
Comparison
Michigan Inflation Expectations vs 5Y Breakeven
Michigan survey captures household inflation expectations while 5Y breakeven reflects bond-market pricing. Households co...
Comparison
Michigan Inflation Expectations vs CPI
Household inflation expectations (Michigan) can drift from actual CPI. When Michigan rises well above CPI, households pe...
Comparison
Michigan Inflation Expectations vs S&P 500
Rising Michigan inflation expectations typically pressure equities via Fed policy response expectations. When Michigan r...
Comparison
Michigan Inflation Expectations vs Consumer Discretionary
Rising Michigan inflation expectations typically pressure XLY because inflation worries reduce discretionary purchasing ...
Category
All Inflation Data
CPI, PCE, breakevens, and inflation expectations data updated live. Track the indicators the Fed watches most closely to...

Frequently Asked Questions

▶What is Michigan Inflation Expectations?
University of Michigan 1-year inflation expectations, consumer survey measure.
▶How does Michigan Inflation Expectations relate to inflation?
Michigan Inflation Expectations is part of the Inflation category. Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.
▶How often is Michigan Inflation Expectations updated?
Michigan Inflation Expectations is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Michigan Inflation Expectations data?
Convex sources Michigan Inflation Expectations data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Michigan Inflation Expectations chart page?
The Michigan Inflation Expectations page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.

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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.