Center for Microeconomic Data

Inflation Expectations Mostly Stable; Views on Credit Access Improve
Median inflation expectations were unchanged at the one- and five-year ahead horizons, at 3.0 percent and 2.5 percent, respectively, according to the January Survey of Consumer Expectations. Expectations at the three-year-ahead horizon declined to 2.4 percent from 2.6 percent. Perceptions of credit access improved notably, with a smaller share of respondents saying it is harder to obtain credit now than it was a year ago and a larger share reporting it is now easier. The share of respondents expecting tighter credit conditions a year from now also declined.

For more details:
Press Release: Consumers More Optimistic about Their Financial Situation and Credit Access
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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