Monitor US Prelim UoM Inflation Expectations to gauge future wage demands and inflation trends. Key early indicator.
Future inflation expectations can lead to actual inflation, mainly as employees often seek higher wages when they anticipate rising prices. This data is published in two versions, Preliminary and Revised, with the Preliminary usually having a more significant impact due to its earlier release.
What it Measures
The percentage of consumers predicting changes in the prices of goods and services over the next 12 months.
Usual Effect
When the actual figure exceeds the forecast, it is considered positive for the currency.
Source & Frequency
University of Michigan (latest release) - https://umich.edu/ • This data is released monthly, typically in the middle of the month.
How Data is Derived
Survey of about 420 consumers which asks respondents where they expect prices to be 12 months in the future
Also Known As
N/A
Acronym
University of Michigan (UoM)