Inflation In March, And A Year From Now…

Menzie Chinn
By Menzie Chinn of Econbrowser
Professor of Public Affairs and Economics at the University of Wisconsin •

Inflation expectations surged to 4.8% in March, blowing past the 4.2% consensus according to recent University of Michigan data.

depositphotos_425237288-stock-photo-cpi-consumer-price-index-concept.jpg
Source: DepositPhotos

CPI release and U.Michigan expectations, at 4.8% vs. Bloomberg consensus 4.2%

Figure 1: Year-on-Year CPI inflation (bold black), U. Michigan expected (blue), NY Fed (red), and Survey of Professional Forecasters (teal +), all in %. Source: BLS, U.Michigan, NY Fed, Philadelphia Fed, and author’s calculations.

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