Consumer expectations of the US inflation rate over the next year fell to 2.6 percent in April 2019 from 2.82 percent in the March survey. The nearly quarter point drop was the third-largest since the survey was launched in mid-2013. The outlook for inflation over the next three years also declined, to 2.69 percent from 2.86 percent. Inflation Expectations in the United States averaged 2.86 percent from 2013 until 2019, reaching an all time high of 3.40 percent in August of 2013 and a record low of 2.42 percent in January of 2016.
Inflation Expectations in the United States is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Expectations in the United States to stand at 2.60 in 12 months time. In the long-term, the United States Consumer Inflation Expectations is projected to trend around 2.80 percent in 2020, according to our econometric models.