MICHUMich Inflation Expectations (MICH) — Current Value & Historical Data
UMich Inflation Expectations (MICH) Chart & Data Table
Gray bands: NBER recessions
What is UMich Inflation Expectations (MICH)?
Median expected price change next 12 months, Surveys of Consumers. The most recent value is not shown due to an agreement with the source.
Current UMich Inflation Expectations (MICH) Value
As of July 1, 2026, the current university of michigan: inflation expectation is 4.20 Percent. This is the most recent observation available for this series, updated monthly.
UMich Inflation Expectations Historical Trend
University of Michigan: Inflation Expectation fell 8.70% month-over-month. Over the past year, university of michigan: inflation expectation fell 16.00% from June 2025. In the series' tracked history, the highest recorded value was 10.40 (January 1980), and the lowest was 0.40 (November 2001).
Methodology & Source
Source
University of Michigan
Frequency
Monthly
Units
Percent
Notes
Median expected price change next 12 months, Surveys of Consumers. The most recent value is not shown due to an agreement with the source. This data should be cited as follows: "Surveys of Consumers, University of Michigan, University of Michigan: Inflation Expectation© [MICH], retrieved from FRED,...
Frequently Asked Questions About UMich Inflation Expectations (MICH)
What is the current university of michigan: inflation expectation?
As of July 1, 2026, university of michigan: inflation expectation stands at 4.20 Percent.
Where does university of michigan: inflation expectation data come from?
University of Michigan: Inflation Expectation data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is university of michigan: inflation expectation updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for university of michigan: inflation expectation?
In the available data, the highest value was 10.40 Percent in January 1980, and the lowest was 0.40 Percent in November 2001.
How has university of michigan: inflation expectation changed over the past year?
Over the past year, university of michigan: inflation expectation decreased 16.00%.
See UMich Inflation Expectations in context
MICH is tracked on the Economic Snapshot dashboard, alongside related indicators and historical context.
View the Economic Snapshot dashboard →Related government-spending dashboards
How UMich Inflation Expectations connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
Federal revenue, spending, and the resulting surplus or deficit over time.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2024)
Net outlays by federal agency for FY 2019 and FY 2024, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.