Center for Microeconomic Data

 
SURVEY OF CONSUMER EXPECTATIONS
Inflation Expectations Decline; Households’ Perceptions about Their Financial Situations Improve
Median inflation expectations declined across all three horizons, falling to 3.5 percent at the short-term horizon and to 2.9 percent at the medium- and long-term horizons, according to the July Survey of Consumer Expectations. Year-ahead price growth expectations for food, medical care, and rent declined to their lowest levels since at least early 2021. Households’ perceptions about their current financial situations and expectations for the future improved. The share of respondents expecting to be better off a year from now is the highest since September 2021.

For more details:
Press Release: Consumers’ Inflation Expectations Decline at All Horizons, Expectations about Household Financial Situation Improve
SURVEY MODULES
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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