Center for Microeconomic Data

Survey of Consumer Expectations
The November survey shows that median three-year-ahead inflation expectations increased by 0.1 percentage point to 2.5 percent, rebounding from a series low of 2.4 percent in October. While remaining optimistic about the labor market, consumers lowered their expectations for spending growth over the next twelve months, with the median estimate dropping to 2.8 percent—the lowest reading since September 2017. The decline was broad-based across age, income, and education groups.

For more details:
Press Release: Medium-Term Inflation Expectations Tick Up in November, while Consumer Spending Growth Expectations Decline Sharply
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.