Center for Microeconomic Data

Inflation Expectations Rise at One-Year Horizon, along with Spending Expectations
The median one-year-ahead inflation expectation increased to 6.6 percent in May, up from 6.3 percent in April. At the three-year horizon, inflation expectations were unchanged at 3.9 percent. The median one-year-ahead home price expectation came in at 5.8 percent—down from 6.0 percent in April but still elevated relative to pre-pandemic levels. Household spending expectations over the next year rose by 1.0 percentage point to reach 9.0 percent, a new series high. Credit access perceptions (relative to a year ago) and expectations (one year from now) both deteriorated. Similarly, households’ assessments of their current and future financial situations both deteriorated in May.

For more details:
Press Release: Household Spending Expectations Rise Sharply; Credit Access Perceptions and Expectations Deteriorate Further
Fielding the Survey
The SCE is a nationally representative, Internet-based survey of a rotating panel of approximately 1,300 household heads. Respondents participate in the panel for up to twelve months, with a roughly equal number rotating in and out of the panel each month. Unlike comparable surveys based on repeated cross-sections with a different set of respondents in each wave, our panel enables us to observe the changes in expectations and behavior of the same individuals over time.
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