# Consumers' expected inflation, three years ahead (median) in United States

Consumers' expected inflation, three years ahead (median) in United States was 3.3% in September 2026. Source: Federal Reserve Bank of New York.

- Indicator id: `expected_inflation_3y_median`
- Place id: `us`
- Unit: %
- Definition: Median inflation rate that US consumers expect for the 12 months running from two to three years ahead, in percent, from the answers to the survey month. Each respondent gives a probability distribution over future inflation; the figure is the median, across respondents, of the mean of each distribution.
- Note: Federal Reserve Bank of New York Survey of Consumer Expectations, a monthly online survey of a rotating panel of about 1,300 US household heads. The median of the answers, so half of respondents expect more and half less. These are what consumers expect, not a forecast by the New York Fed. The New York Fed does not endorse this use of the data.
- Source: Federal Reserve Bank of New York, Survey of Consumer Expectations data (frbny-sce-data.xlsx), sheet Inflation expectations, median three-year ahead expected inflation rate (https://www.newyorkfed.org/medialibrary/interactives/sce/sce/downloads/data/frbny-sce-data.xlsx)
- Retrieved: 2026-10-12
- License: SCE data licence: free reuse, including commercial, with the required attribution and disclaimer; redistribution under the same terms; no endorsement implied
- Citation: Source: Survey of Consumer Expectations, © 2013-2026 Federal Reserve Bank of New York (FRBNY). The SCE data are available without charge at http://www.newyorkfed.org/microeconomics/sce and may be used subject to license terms posted there. FRBNY disclaims any responsibility for this analysis and interpretation of Survey of Consumer Expectations data. Survey of Consumer Expectations data (frbny-sce-data.xlsx), sheet Inflation expectations, median three-year ahead expected inflation rate. https://www.newyorkfed.org/medialibrary/interactives/sce/sce/downloads/data/frbny-sce-data.xlsx. Retrieved 2026-10-12. Terms: https://www.newyorkfed.org/privacy/termsofuse.
- Web page: https://invokely.ai/en/consumer-inflation-expectations-3-year/united-states
- API: https://invokely.ai/api/v1/series?indicator=expected_inflation_3y_median&place=us

| Period | % |
|---|---:|
| 2026-09 | 3.3 |
| 2026-08 | 3.2 |
| 2026-07 | 3.3 |
| 2026-06 | 3.3 |
| 2026-05 | 3.1 |
| 2026-04 | 3.1 |
| 2026-03 | 3.1 |
| 2026-02 | 3 |
| 2026-01 | 3 |
| 2025-12 | 3 |
| 2025-11 | 3 |
| 2025-10 | 3 |
| 2025-09 | 3 |
| 2025-08 | 3 |
| 2025-07 | 3 |
| 2025-06 | 3 |
| 2025-05 | 3 |
| 2025-04 | 3.2 |
| 2025-03 | 3 |
| 2025-02 | 3 |
| 2025-01 | 3 |
| 2024-12 | 3 |
| 2024-11 | 2.6 |
| 2024-10 | 2.5 |
| 2024-09 | 2.7 |
| 2024-08 | 2.5 |
| 2024-07 | 2.3 |
| 2024-06 | 2.9 |
| 2024-05 | 2.8 |
| 2024-04 | 2.8 |
| 2024-03 | 2.9 |
| 2024-02 | 2.7 |
| 2024-01 | 2.4 |
| 2023-12 | 2.6 |
| 2023-11 | 3 |
| 2023-10 | 3 |
| 2023-09 | 3 |
| 2023-08 | 2.8 |
| 2023-07 | 2.9 |
| 2023-06 | 3 |
| 2023-05 | 3 |
| 2023-04 | 2.9 |
| 2023-03 | 2.8 |
| 2023-02 | 2.7 |
| 2023-01 | 2.7 |
| 2022-12 | 3 |
| 2022-11 | 3 |
| 2022-10 | 3.1 |
| 2022-09 | 2.9 |
| 2022-08 | 2.8 |
| 2022-07 | 3.2 |
| 2022-06 | 3.6 |
| 2022-05 | 3.9 |
| 2022-04 | 3.9 |
| 2022-03 | 3.7 |
| 2022-02 | 3.8 |
| 2022-01 | 3.5 |
| 2021-12 | 4 |
| 2021-11 | 4 |
| 2021-10 | 4.2 |
| 2021-09 | 4.2 |
| 2021-08 | 4 |
| 2021-07 | 3.7 |
| 2021-06 | 3.5 |
| 2021-05 | 3.6 |
| 2021-04 | 3.1 |
| 2021-03 | 3.1 |
| 2021-02 | 3 |
| 2021-01 | 3 |
| 2020-12 | 3 |
| 2020-11 | 2.8 |
| 2020-10 | 2.7 |
| 2020-09 | 2.7 |
| 2020-08 | 3 |
| 2020-07 | 2.7 |
| 2020-06 | 2.5 |
| 2020-05 | 2.6 |
| 2020-04 | 2.6 |
| 2020-03 | 2.4 |
| 2020-02 | 2.6 |
| 2020-01 | 2.5 |
| 2019-12 | 2.5 |
| 2019-11 | 2.5 |
| 2019-10 | 2.4 |
| 2019-09 | 2.4 |
| 2019-08 | 2.5 |
| 2019-07 | 2.6 |
| 2019-06 | 2.7 |
| 2019-05 | 2.6 |
| 2019-04 | 2.7 |
| 2019-03 | 2.9 |
| 2019-02 | 2.8 |
| 2019-01 | 3 |
| 2018-12 | 3 |
| 2018-11 | 2.9 |
| 2018-10 | 3 |
| 2018-09 | 3 |
| 2018-08 | 3 |
| 2018-07 | 2.9 |
| 2018-06 | 3 |
| 2018-05 | 3 |
| 2018-04 | 3 |
| 2018-03 | 2.9 |
| 2018-02 | 2.9 |
| 2018-01 | 2.8 |
| 2017-12 | 2.9 |
| 2017-11 | 2.8 |
| 2017-10 | 2.8 |
| 2017-09 | 2.8 |
| 2017-08 | 2.6 |
| 2017-07 | 2.7 |
| 2017-06 | 2.8 |
| 2017-05 | 2.5 |
| 2017-04 | 2.9 |
| 2017-03 | 2.7 |
| 2017-02 | 3 |
| 2017-01 | 2.9 |
| 2016-12 | 2.8 |
| 2016-11 | 2.7 |
| 2016-10 | 2.6 |
| 2016-09 | 2.6 |
| 2016-08 | 2.7 |
| 2016-07 | 2.5 |
| 2016-06 | 2.9 |
| 2016-05 | 2.7 |
| 2016-04 | 2.8 |
| 2016-03 | 2.5 |
| 2016-02 | 2.6 |
| 2016-01 | 2.5 |
| 2015-12 | 2.8 |
| 2015-11 | 2.7 |
| 2015-10 | 2.8 |
| 2015-09 | 2.8 |
| 2015-08 | 2.9 |
| 2015-07 | 3 |
| 2015-06 | 3 |
| 2015-05 | 3 |
| 2015-04 | 3 |
| 2015-03 | 2.9 |
| 2015-02 | 3 |
| 2015-01 | 3 |
| 2014-12 | 3 |
| 2014-11 | 3 |
| 2014-10 | 3 |
| 2014-09 | 3 |
| 2014-08 | 3.1 |
| 2014-07 | 3.2 |
| 2014-06 | 3.3 |
| 2014-05 | 3.2 |
| 2014-04 | 3.2 |
| 2014-03 | 3.4 |
| 2014-02 | 3.2 |
| 2014-01 | 3 |
| 2013-12 | 3.3 |
| 2013-11 | 3.3 |
| 2013-10 | 3.2 |
| 2013-09 | 3.5 |
| 2013-08 | 3.8 |
| 2013-07 | 3.3 |
| 2013-06 | 3.4 |