One Year Ahead Inflation Expectations - Monday, April 10
As of today:
(Click on image to enlarge)
Figure 1: CPI inflation year-on-year (black), median expected from Survey of Professional Forecasters (blue +), median expected from Michigan Survey of Consumers FINAL (red), median from NY Fed Survey of Consumer Expectations (light green), forecast from Cleveland Fed (pink), mean from Coibion-Gorodnichenko firm expectations survey [light blue squares], all in %. NBER defined peak-to-trough recession dates shaded gray. Source: BLS, University of Michigan via FRED and Investing.com, Philadelphia Fed Survey of Professional Forecasters, NY Fed, Cleveland Fed and Coibion and Gorodnichenko, and NBER.
More By This Author:
How Well Does a Naive Expectations Augmented Phillips Curve with Cost Push Shocks Fit PCE Inflation?
Is The Lagged One Year Inflation Rate A Good Predictor Of Five Year Ahead Inflation?
Nonfarm Employment Rises