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Consumer Inflation Expectations Across Surveys and over Time

Author

Listed:
  • Ina Hajdini
  • Edward S. Knotek
  • John Leer
  • Mathieu Pedemonte
  • Damjan Pfajfar
  • Raphael Schoenle
  • Taylor Shiroff

Abstract

Different survey-based measures of consumer inflation expectations have diverged in recent months. This Economic Commentary compares these measures and the survey questions underlying them. Our analysis suggests that the divergences across survey-based measures of inflation expectations can be attributed to various features and sample characteristics specific to each survey.

Suggested Citation

  • Ina Hajdini & Edward S. Knotek & John Leer & Mathieu Pedemonte & Damjan Pfajfar & Raphael Schoenle & Taylor Shiroff, 2025. "Consumer Inflation Expectations Across Surveys and over Time," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2025(07), pages 1-10, August.
    • Handle: RePEc:fip:fedcec:101396
    DOI: 10.26509/frbc-ec-202507
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    References listed on IDEAS

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    1. Olivier Coibion & Yuriy Gorodnichenko & Michael Weber, 2022. "Monetary Policy Communications and Their Effects on Household Inflation Expectations," Journal of Political Economy, University of Chicago Press, vol. 130(6), pages 1537-1584.
    2. Olivier Coibion & Yuriy Gorodnichenko & Edward S. Knotek & Raphael Schoenle, 2023. "Average Inflation Targeting and Household Expectations," Journal of Political Economy Macroeconomics, University of Chicago Press, vol. 1(2), pages 403-446.
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