Longer-run expectations remain wellanchored in their historical ranges 5.0  Monthly  Percent  5.0  4.5  4.5  4.0  4.0  3.5  3.5  3.0  3.0  2.5  2.5  2.0  2.0 1990  1994  1998  2002  2006  2010  2014  2018  2022  Note: The series are medians of the survey responses about average inflation during the next 5 to 10 years.
March data are preliminary. Source: University of Michigan Surveys of Consumers.