Center for Microeconomic Data

 
SURVEY OF CONSUMER EXPECTATIONS
October Survey: Inflation Expectations Decline Slightly at All Horizons
  • Median one-year-ahead inflation expectations declined by 0.1 percentage point (ppt) to 2.9 percent in October, three-year-ahead inflation expectations declined by 0.2 ppt to 2.5 percent, and five-year-ahead inflation expectations declined by 0.1 ppt to 2.8 percent.
  • Expectations for missing a minimum debt payment over the next three months decreased by 0.3 ppt to 13.9 percent in October, the first decrease since May 2024.
  • Labor market expectations improved in October with households reporting a lower likelihood for higher unemployment, a lower likelihood of job loss, and a higher likelihood of finding a job if they were laid off.



For more details:
Press Release: Inflation Expectations Decline Slightly; Labor Market Expectations 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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