2.90% for Dec 2023
Level Chart
Basic Info
US Expected Change in Inflation Rates: Next 5 Years is at 2.90%, compared to 3.20% last month and 3.00% last year. This is lower than the long term average of 3.20%.
Stats
| Last Value | 2.90% |
| Latest Period | Dec 2023 |
| Last Updated | Dec 22 2023, 11:00 EST |
| Next Release | Jan 19 2024, 11:00 EST |
| Long Term Average | 3.20% |
| Average Growth Rate | 0.08% |
| Value from Last Month | 3.20% |
| Change from Last Month | -9.38% |
| Value from 1 Year Ago | 3.00% |
| Change from 1 Year Ago | -3.33% |
| Frequency | Monthly |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
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| Date | Value |
|---|---|
| December 31, 2023 | 2.90% |
| November 30, 2023 | 3.20% |
| October 31, 2023 | 3.00% |
| September 30, 2023 | 2.80% |
| August 31, 2023 | 3.00% |
| July 31, 2023 | 3.00% |
| June 30, 2023 | 3.00% |
| May 31, 2023 | 3.10% |
| April 30, 2023 | 3.00% |
| March 31, 2023 | 2.90% |
| February 28, 2023 | 2.90% |
| January 31, 2023 | 2.90% |
| December 31, 2022 | 3.00% |
| November 30, 2022 | 3.00% |
| October 31, 2022 | 2.90% |
| September 30, 2022 | 2.70% |
| August 31, 2022 | 2.90% |
| July 31, 2022 | 2.90% |
| June 30, 2022 | 3.10% |
| May 31, 2022 | 3.00% |
| April 30, 2022 | 3.00% |
| March 31, 2022 | 3.00% |
| February 28, 2022 | 3.00% |
| January 31, 2022 | 3.10% |
| December 31, 2021 | 2.90% |
| Date | Value |
|---|---|
| November 30, 2021 | 3.00% |
| October 31, 2021 | 2.90% |
| September 30, 2021 | 3.00% |
| August 31, 2021 | 2.90% |
| July 31, 2021 | 2.80% |
| June 30, 2021 | 2.80% |
| May 31, 2021 | 3.00% |
| April 30, 2021 | 2.70% |
| March 31, 2021 | 2.80% |
| February 28, 2021 | 2.70% |
| January 31, 2021 | 2.70% |
| December 31, 2020 | 2.50% |
| November 30, 2020 | 2.50% |
| October 31, 2020 | 2.40% |
| September 30, 2020 | 2.70% |
| August 31, 2020 | 2.70% |
| July 31, 2020 | 2.60% |
| June 30, 2020 | 2.50% |
| May 31, 2020 | 2.70% |
| April 30, 2020 | 2.50% |
| March 31, 2020 | 2.30% |
| February 29, 2020 | 2.30% |
| January 31, 2020 | 2.50% |
| December 31, 2019 | 2.20% |
| November 30, 2019 | 2.50% |
Basic Info
US Expected Change in Inflation Rates: Next 5 Years is at 2.90%, compared to 3.20% last month and 3.00% last year. This is lower than the long term average of 3.20%.
| Region | United States |
| Source | University of Michigan |
Stats
| Last Value | 2.90% |
| Latest Period | Dec 2023 |
| Last Updated | Dec 22 2023, 11:00 EST |
| Next Release | Jan 19 2024, 11:00 EST |
| Long Term Average | 3.20% |
| Average Growth Rate | 0.08% |
| Value from Last Month | 3.20% |
| Change from Last Month | -9.38% |
| Value from 1 Year Ago | 3.00% |
| Change from 1 Year Ago | -3.33% |
| Frequency | Monthly |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
As an enthusiast deeply immersed in economic indicators and data analysis, I bring to you a comprehensive understanding of the information presented regarding the US Expected Change in Inflation Rates for December 2023. My expertise is underscored by a robust knowledge of economic trends, statistical analysis, and a keen awareness of the factors influencing inflation rates.
Let's dissect the information provided in the article:
1. Key Statistics:
- Current Inflation Rate (Dec 2023): 2.90%
- Comparison with Last Month: Decreased from 3.20% (a -9.38% change)
- Comparison with Last Year: Lower than 3.00% (a -3.33% change)
- Long Term Average: 3.20%
2. Source and Reporting:
- Source: University of Michigan Surveys of Consumers
- Category: Consumer & Household Statistics
- Region: United States
- Frequency: Monthly reporting
3. Historical Data:
- The historical data spans from December 2019 to December 2023.
- Noteworthy points include a peak of 3.20% in November 2022 and a recent decline to 2.90% in December 2023.
4. Additional Metrics:
- Average Growth Rate: 0.08%
- Last Updated: December 22, 2023, at 11:00 EST
- Next Release: Scheduled for January 19, 2024, at 11:00 EST
5. Interpretation:
- The current inflation rate of 2.90% is lower than both the rate from the previous month (3.20%) and the rate from the same period last year (3.00%).
- The long-term average of 3.20% provides context, indicating that the current rate is below the established norm.
6. Trend Analysis:
- The data allows us to observe fluctuations over time, aiding in trend analysis and forecasting.
- The monthly and yearly changes provide insights into the volatility and stability of inflation rates.
7. Actionable Insight:
- Policymakers, businesses, and investors may use this information to make informed decisions regarding monetary policy, investment strategies, and financial planning.
In conclusion, this data not only offers a snapshot of the current inflation scenario but also serves as a valuable tool for predicting future economic trends. The University of Michigan Surveys of Consumers provides a reliable source for such critical information, and the monthly reporting frequency ensures that stakeholders stay abreast of the dynamic economic landscape.
