FX.co ★ US 5-Year Inflation Expectations Edge Lower in November, Michigan Survey Shows

Five-year inflation expectations in the United States have inched down in November, according to the latest reading from the University of Michigan’s survey, signaling a modest easing in longer-term price pressures. The indicator slipped to 3.4% in November 2026 from 3.5% in October 2026.

While the decline is slight, the move suggests that consumers’ longer-term outlook on inflation has stabilized and is easing from recent levels. The data, updated on 6 November 2026, will be closely watched by markets and policymakers, as anchored long-term expectations are a key component in assessing the trajectory of inflation and the potential path of future monetary policy.