FX.co ★ US April Michigan 1-Year Inflation Expectations Jump to 4.7%

US consumers’ short-term inflation expectations rose in April, according to the latest University of Michigan survey data, signaling growing concern about price pressures in the year ahead.

The 1-year inflation expectations gauge climbed to 4.7% in April 2026, up from 3.8% recorded earlier in the same month. The data, updated on 24 April 2026, indicate that households now anticipate a faster pace of price increases over the next 12 months.

The rise in expectations is closely watched by investors and policymakers, as persistent upward moves can influence wage demands, spending decisions and, ultimately, the broader inflation trajectory that the Federal Reserve monitors when setting interest rates.