durable goods 2  2  12-month Dallas 1  1  Trimmed Mean (PCE)  0  0  -1  -1  2009  2012  2015  2018  2021  Note: Dallas Trimmed Mean data are 12-month percent changes and extend through June 2021. Inflation excluding durables are 18-month annualized changes and extend through June 2021.
Source: Federal Reserve Bank of Dallas; Federal Reserve Board staff calculations. Figure 4. Longer-Term Inflation Expectations Have Largely Reversed Earlier Declines A. Selected indicators of inflation expectations  B.