Source | |
Measures | Percentage that consumers expect the price of goods and services to change during the next 12 months; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released monthly, usually on the last Friday of the current month; |
Next Release | |
FF Notes | The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 2 versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more impact; |
Why Traders Care | Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise; |
Derived Via | Survey of about 500 consumers which asks respondents where they expect prices to be 12 months in the future; |
Acro Expand | University of Michigan (UoM); |