May US Median Inflation Expectations Slow for Short Term, According to NY Fed Survey

11:23 AM EDT, 06/08/2026 (MT Newswires) -- Consumer expectations for one-year US inflation growth decreased to a 3.5% gain in May from a 3.6% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday.

The median inflation expectations remained unchanged at 3.1% gain for the three-year period and at a 3.0% gain for five years ahead.

The median inflation uncertainty increased to 3.6% from 3.5% in the one-year horizon and increased to 3.5% from 3.2% for the three-year outlook.

Median home price change expectations rose to 3.5% from 3.0% while home price uncertainty declined to a 3.7% increase from a 4.0% increase in the previous month.

The median one-year expectations commodity prices growth rose for food and rent and declined for gas, medical care, college education and gold.

Earnings growth expectations remained unchanged in May at 2.7%. Expectation for losing a job increased while those for finding a job decreased. Expectations for higher unemployment one year from now decreased.

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