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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Consumer Inflation Expectation climbed to 3.9% in September 2026
FMPMonthlyReleased October 2026
US Consumer Inflation Expectation climbed to 3.9% in September 2026, released October 2026, up 0.3% from August's 3.6% reading. The print exceeded the 3.7% consensus by 0.2%. The print is running well above the 12-month average of 3.39%. Over the past 3 months, Consumer Inflation Expectation averaged 3.6%, vs 3.6% in the prior 3-month window. Consumer Inflation Expectation is now the highest in 20 months.
Latest Release
3.9
Actual
3.7
Consensus
3.6
Previous
Median Absolute Error
±0.25 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 3.65
Actual: 3.9
Error: -0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▼ Inverse | −0.84 | FOREX | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.80 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.71 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.71 | FOREX | Moves against | → View |
| USD/CAD | ▲ Direct | +0.68 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Inflation Expectation (United States) was reported at 3.9% in October 2026. This beat the market consensus of 3.7% by 0.2%. The reading rose from the previous value of 3.6%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 3.44%, ranging from 3% to 3.9% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 3.7%, up from the prior three at 3.4%. Volatility over the past year (σ 0.28%) is lower than the prior year (σ 0.46%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/USD (Bearish AUD). A secondary relationship exists with NZD/USD, negatively correlated (Bearish NZD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.25%.
WHAT TO WATCH NEXT
The next release is scheduled for November 9, 2026. Same-country events in the next 14 days include Initial Jobless Claims (Oct 29) and GDP Price Index QoQ (Oct 29).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Consumer Inflation Expectation - US
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About Consumer Inflation Expectation — United States
DEFINITION
Consumer Inflation Expectation is a financial indicator that measures the anticipated rate of inflation among consumers. It reflects the level of confidence or concern that consumers have about the future purchasing power of their money. This indicator is important for businesses and policymakers as it can impact consumer spending and economic growth. A higher consumer inflation expectation may lead to increased prices and reduced consumer spending, while a lower expectation may result in lower prices and increased consumer spending.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 3.9 %, consensus 3.7 %. Prior reading (Aug 2026): 3.6 %. Before that (Jul 2026): 3.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/USD (Bearish AUD, r=-0.84) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Wednesday, October 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Wholesale Inventories MoM | 0.6 | 0.5 | 0.5 | 0.55 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.4 | 0.1 | -0.1 | 0.15 | Medium |
| 12:30 | US | Goods Trade Balance | -134.9 | -132.07 | -130 | -132.45 | High |
| 14:30 | US | EIA Distillate Stocks Change | -1.462 | 1.675 | -0.9 | -1.18 | Low |
| 14:30 | US | EIA Crude Oil Stocks Change | -1.892 | -3.061 | 0 | -0.95 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 3.87 | -2.952 | -0.9 | 1.49 | Medium |
| 18:00 | US | Fed Interest Rate Decision | 4 | 4 | 4 | 4.00 | High |
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Initial Jobless Claims | 194 | 199 | 197.50 | High | |
| 12:30 | US | GDP Price Index QoQ | 6.1 | 3.2 | 4.55 | Medium | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index YoY | 3.4 | 3.6 | 3.60 | Medium | |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index MoM | 0.3 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Core PCE Price Index YoY | 3 | 3.1 | 3.10 | High | |
| 12:30 | US | Jobless Claims 4-Week Average | 197.75 | 197 | 193.38 | High | |
| 12:30 | US | Continuing Jobless Claims | 1728 | 1720 | 1711.00 | High | |
| 12:30 | US | Real Consumer Spending QoQ | 3.8 | 3.9 | 5.30 | Low | |
| 12:30 | US | GDP Sales QoQ | 2.8 | 3.5 | 3.90 | Low | |
| 12:30 | US | Personal Spending MoM | 0.9 | 0.6 | 0.60 | High | |
| 12:30 | US | GDP Growth Rate QoQ | 2.2 | 3.2 | 2.90 | High | |
| 12:30 | US | Core PCE Prices QoQ | 3.3 | 2.4 | 2.35 | Low | |
| 12:30 | US | PCE Prices QoQ | 5 | 3.4 | 3.95 | Low | |
| 14:30 | US | EIA Natural Gas Stocks Change | 77 | 75 | 71.50 | Low | |