Michigan 5 Year Inflation Expectations in the United States decreased to 2.90 percent in December from 3 percent in November of 2021. Michigan 5 Year Inflation Expectations in the United States averaged 3.21 percent from 1979 until 2021, reaching an all time high of 9.70 percent in February of 1980 and a record low of 2.20 percent in December of 2019. The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone. This page includes a chart with historical data for the United States Michigan 5-Year Inflation Expectations.