The University of Michigan survey showed that consumers' long-term inflation expectations rose by the largest month-on-month increase since May 2021

the final value of the expected annual inflation rate in the United States in February was 4.3%, reaching a new high since November 2023, with an expected value of 4.30% and a previous value of 4.30%. The final value of the expected inflation rate for the five to ten-year period in the United States in February was 3.5%, with an expected value of 3.30% and a previous value of 3.30%. The University of Michigan's survey of consumer long-term inflation expectations showed the largest month-on-month increase since May 2021.