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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Michigan 5 Year Inflation Expectations held to 3.3% in July 2026
FMPMonthlyReleased July 2026
US Michigan 5 Year Inflation Expectations held to 3.3% in July 2026. The reading matched the 3.3% consensus. Year-over-year, the indicator is down 0.1%. Over the past 3 months, Michigan 5 Year Inflation Expectations averaged 3.5%, vs 3.33% in the prior 3-month window. The reading is in the 26th percentile of the trailing 24-month range.
Latest Release
3.3
Actual
3.3
Consensus
3.3
Previous
Median Absolute Error
±0.16 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 3.35
Actual: 3.3
Error: +0.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Michigan 5 Year Inflation Expectations (United States) was reported at 3.3% in July 2026. This matched the market consensus of 3.3% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.49%, ranging from 3.2% to 3.9% across 18 releases.
WHY IT MATTERS
The trailing three releases averaged 3.33%, down from the prior three at 3.43%. Volatility over the past year (σ 0.26%) is lower than the prior year (σ 0.52%). In July readings over the past 3 years, Michigan 5 Year Inflation Expectations has averaged 3.22%.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 0.16%.
WHAT TO WATCH NEXT
The next release is scheduled for August 14, 2026. Same-country events in the next 14 days include OPEC Monthly Report (Aug 12) and MBA 30-Year Mortgage Rate (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Michigan 5 Year Inflation Expectations - US
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About Michigan 5 Year Inflation Expectations — United States
DEFINITION
Michigan 5 Year Inflation Expectations is a financial indicator that measures the expected rate of inflation in the state of Michigan over the next five years. This indicator is based on surveys of consumers, businesses, and financial experts, and provides valuable insights into the future economic outlook of the state. It is a key tool for investors, policymakers, and businesses to make informed decisions and plan for potential changes in the cost of goods and services in Michigan.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 3.3 %, consensus 3.3 %. Prior reading (Jul 2026): 3.3 %. Before that (Jun 2026): 3.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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Economic Calendar - US Events
| Tuesday, August 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | US | NFIB Business Optimism Index | 99.8 | 97.4 | 97.5 | 98.03 | Low |
| 14:00 | US | Existing Home Sales MoM | -1.7 | -1.4 | -0.7 | -1.20 | Medium |
| 14:00 | US | Existing Home Sales | 4.06 | 4.13 | 4.05 | 4.05 | High |
| 20:30 | US | API Crude Oil Stock Change | 9.072 | 2.69 | -0.5 | 1.76 | Medium |
| Wednesday, August 12, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Core Inflation Rate MoM | 0 | 0.2 | 0.25 | High | |
| 12:30 | US | Inflation Rate MoM | -0.4 | 0.1 | 0.10 | High | |
| 12:30 | US | Core Inflation Rate YoY | 2.6 | 2.5 | 2.55 | High | |
| 12:30 | US | CPI | 333.95 | 334.03 | 334.39 | Medium | |
| 12:30 | US | Inflation Rate YoY | 3.5 | 3.4 | 3.45 | High | |
| 12:30 | US | CPI s.a | 332.568 | 332.6 | 332.85 | Medium | |
| 12:30 | US | Core CPI YoY | 2.6 | 2.5 | 2.50 | Medium | |
| 12:30 | US | CPI YoY | 3.5 | 3.4 | 3.45 | High | |
| 12:30 | US | CPI MoM | -0.4 | 0.1 | 0.10 | High | |
| 12:30 | US | Core CPI MoM | 0 | 0.2 | 0.20 | High | |
| 14:30 | US | EIA Crude Oil Stocks Change | 2.479 | -0.5 | -1.60 | Medium | |
| 14:30 | US | EIA Gasoline Stocks Change | -1.643 | -1.58 | -2.20 | Medium | |
| 14:30 | US | EIA Distillate Stocks Change | -3.473 | -1.6 | -0.09 | Low | |
| 18:00 | US | Monthly Budget Statement | -120 | -346 | -348.50 | Medium | |
| 18:00 | US | Budget Balance | -120 | -361.2 | -332.30 | Medium | |
| Thursday, August 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Continuing Jobless Claims | 1801 | 1800 | 1800.00 | Low | |