Center for Microeconomic Data

 
SURVEY OF CONSUMER EXPECTATIONS
Short-Term Inflation Expectations Decline, Household Spending Expectations Fall Sharply
Median one-year-ahead inflation expectations declined to 5.0 percent, its lowest reading since July 2021, according to the December Survey of Consumer Expectations. Medium-term expectations remained at 3.0 percent, while the five-year-ahead measure increased to 2.4 percent. Household spending expectations fell sharply to 5.9 percent from 6.9 percent in November, while income growth expectations rose to a new series high of 4.6 percent.

Recent additions to the SCE interactive chart below:
  • The newly released five-year-ahead inflation expectations data series is now reflected on the interactive chart and is included as the last tab in the “Chart Data” Excel file provided under the Downloads drop-down menu;
  • data for probabilities of different one- and three-year ahead inflation outcomes; and
  • data for the three-year outlook for home price change expectations by demographics.


For more details:
Press Release: Short-Term Inflation Expectations Continue to Decline, Tick up Slightly in Longer Term
SURVEY MODULES
SCE Credit Access
Survey
SCE Household
Spending Survey
SCE Housing
Survey
SCE Labor Market
Survey
SCE Public Policy
Survey
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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