Indicators of Inflation Expectations Quarterly  Percent  8 Inflation compensation Households Professional forecasters  6  4  2  0 1982  1986  1990  1994  1998  2002  2006  2010  2014  2018  Note: Inflation compensation is the difference between yields on nominal Treasury securities and yields on Treasury Inflation− Protected Securities (TIPS), which are indexed to the total consumer price index.
The series reports weekly averages of daily data and extends from January 1998 through September 2018. Household expectations are median long−term expectations from the University of Michigan Surveys of Consumers. The data are quarterly averages and extend through 2018:Q3. The Survey of Professional Forecasters (SPF) values are expectations for average personal consumption expenditures (PCE) price index inflation over the next 10 years.