Center for Microeconomic Data

 
SURVEY OF CONSUMER EXPECTATIONS
Consumers Expect Lower Inflation, Home, and Goods Prices over the Next Year
Consumers’ inflation expectations declined at the short- and longer-term horizons and increased slightly at the medium term, according to the June Survey of Consumer Expectations. Median one-year-ahead and five-year-ahead inflation expectations fell to 3.0 percent and 2.8 percent, respectively; median three-year-ahead expectations increased by 0.1 percentage point to 2.9 percent. Expectations about median home price growth decreased to 3.0 percent from 3.3 percent, returning to the series’ twelve-month trailing average. Median one-year-ahead expected earnings growth increased by 0.3 percentage point to 3.0 percent, above the series’ twelve-month trailing average of 2.8 percent and the measure’s highest reading since September 2023. Expectations for median year-ahead price changes decreased for all goods in the survey, and median year-ahead expected growth in government debt remained unchanged at 9.3 percent.

For more details:
Press Release: Consumers Expect Lower Inflation and Slower Home Price Growth Over the Next Year
SURVEY MODULES
SCE Credit Access
Survey
SCE Household
Spending Survey
housing icon
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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