FX.co ★ U.S. Michigan 1-Year Inflation Outlook Holds Steady at 4.7% in October

U.S. consumers’ short-term inflation expectations, as measured by the Michigan 1-Year Inflation Expectations gauge, remained unchanged in October, holding at 4.7%. The reading matches the previous figure of 4.7% recorded in October 2026, indicating no shift in the public’s near-term inflation outlook during the latest survey period.

The stability of the indicator suggests that, at least for now, households are not revising their expectations for price increases over the coming year. The data, last updated on 23 October 2026, will be closely watched by policymakers and markets alike, as inflation expectations can influence wage negotiations, consumer spending, and central bank thinking on future interest rate moves.