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22.05.202614:00:00UTC+00U.S. Michigan 1-Year Inflation Expectations Edge Up to 4.8% in May 2026

U.S. consumers’ short-term inflation outlook ticked higher in May, with the University of Michigan’s 1-year inflation expectations rising to 4.8% from 4.7%. The latest reading, updated on 22 May 2026, suggests households see slightly stronger price pressures ahead compared with the previous estimate for the same month.

The marginal increase in expectations underscores persistent concerns about inflation’s near-term path, even as broader price trends and monetary policy remain in focus for markets. While the move from 4.7% to 4.8% is modest, shifts in consumer inflation expectations are closely watched by investors and policymakers as a gauge of how entrenched price pressures may become in the real economy.

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