Inflation Expectations
Inflation Expectations, 2022Q3
Date Uploaded: Sep 22 2022 3:00PM
During the third quarter, respondents, on average, expected inflation to accelerate to 6.5% this year and then moderate to 5.9% next year and further to 5.3% in 2024. In terms of the different social groups, analysts revised their expectations for 2023
read moreDuring the third quarter, respondents, on average, expected inflation to accelerate to 6.5% this year and then moderate to 5.9% next year and further to 5.3% in 2024. In terms of the different social groups, analysts revised their expectations for 2023 upwards by 0.5% pts, while business people and trade unionists made more modest upward adjustments of 0.2% pts and 0.1% pt respectively.
Inflation Expectations (History Data), 2022
Date Uploaded: Sep 22 2022 3:45PM
During the third quarter, respondents, on average, expected inflation to accelerate to 6.5% this year and then moderate to 5.9% next year and further to 5.3% in 2024. In terms of the different social groups, analysts revised their expectations for 2023
read moreDuring the third quarter, respondents, on average, expected inflation to accelerate to 6.5% this year and then moderate to 5.9% next year and further to 5.3% in 2024. In terms of the different social groups, analysts revised their expectations for 2023 upwards by 0.5% pts, while business people and trade unionists made more modest upward adjustments of 0.2% pts and 0.1% pt respectively.
Inflation Expectations, 2022Q2
Date Uploaded: Jul 21 2022 3:00PM
The average inflation expectations of analysts, business people and trade unions increased by 0.9 percentage points (% pts) for 2022, by 0.6% pts for 2023 and by 0.4% pts for 2024 since the previous survey. Respondents expect inflation to accelerate to 6.0%
read moreThe average inflation expectations of analysts, business people and trade unions increased by 0.9 percentage points (% pts) for 2022, by 0.6% pts for 2023 and by 0.4% pts for 2024 since the previous survey. Respondents expect inflation to accelerate to 6.0% this year but then to moderate to 5.6% and 5.4% during the subsequent two years.
Inflation Expectations, 2022Q1
Date Uploaded: Mar 24 2022 3:00PM
In the first quarter of 2022, the average inflation expectations of analysts, business people and trade unions rose to 5.1% (4.8% previously) in 2022 and 5.0% (4.7% previously) in 2023. Average five-year inflation expectations edged up from 4.7% to 5.0%.
read moreIn the first quarter of 2022, the average inflation expectations of analysts, business people and trade unions rose to 5.1% (4.8% previously) in 2022 and 5.0% (4.7% previously) in 2023. Average five-year inflation expectations edged up from 4.7% to 5.0%. Household inflation expectations during the next 12 months bounced back from 5.2% to 5.6% in the first quarter of 2022.
Inflation Expectations, 2021Q4
Date Uploaded: Jan 27 2022 3:00PM
Whereas average inflation expectations were just below the 4.5% midpoint of the target range in the third quarter, they increased to just above it in the fourth quarter for all three forecast periods. The expectations of business people and trade union
read moreWhereas average inflation expectations were just below the 4.5% midpoint of the target range in the third quarter, they increased to just above it in the fourth quarter for all three forecast periods. The expectations of business people and trade union representatives rose by more than those of the analysts. Inflation over the next five years is projected to average 4.7% (slightly up from the 4.6% previously).
Inflation Expectations (History Data), 2021
Date Uploaded: Jan 27 2022 3:30PM
Whereas average inflation expectations were just below the 4.5% midpoint of the target range in the third quarter, they increased to just above it in the fourth quarter for all three forecast periods. The expectations of business people and trade union
read moreWhereas average inflation expectations were just below the 4.5% midpoint of the target range in the third quarter, they increased to just above it in the fourth quarter for all three forecast periods. The expectations of business people and trade union representatives rose by more than those of the analysts. Inflation over the next five years is projected to average 4.7% (slightly up from the 4.6% previously).
Inflation Expectations, 2021Q3
Date Uploaded: Sep 23 2021 3:00PM
In the third quarter of 2021, average inflation expectations for all three forecast periods remained unchanged compared to the previous survey. The average remained stable because minor upward adjustments in the expectations of business people were countered
read moreIn the third quarter of 2021, average inflation expectations for all three forecast periods remained unchanged compared to the previous survey. The average remained stable because minor upward adjustments in the expectations of business people were countered by small downward revisions for those of analysts and trade union representatives. The changes relative to the previous quarter are small. This could be that they merely reflect the variations that arise when samples are used to generate results.
Inflation Expectations, 2021Q2
Date Uploaded: Jul 22 2021 3:15PM
Inflation expectations reversed course in the second-quarter survey. After declining by 0.3 percentage points (% pts) relative to the fourth quarter in the previous survey, average inflation expectations for 2021 and 2022 increased by 0.3% pts and 0.2% pts
read moreInflation expectations reversed course in the second-quarter survey. After declining by 0.3 percentage points (% pts) relative to the fourth quarter in the previous survey, average inflation expectations for 2021 and 2022 increased by 0.3% pts and 0.2% pts respectively in the most recent survey. Respondents, on average, expect inflation to edge up from 4.2% in 2021 to 4.4% in 2022 and 4.5% in 2023.
Inflation Expectations, 2021Q1
Date Uploaded: Mar 25 2021 3:00PM
In the first quarter of 2021, average inflation expectations of analysts, business people and trade unions for 2021 and 2022 declined
by 0.3 percentage points (% pts) relative to the fourth quarter of 2020. Inflation is forecast to average 3.9% (4.2%
read moreIn the first quarter of 2021, average inflation expectations of analysts, business people and trade unions for 2021 and 2022 declined
by 0.3 percentage points (% pts) relative to the fourth quarter of 2020. Inflation is forecast to average 3.9% (4.2% previously) in 2021
and 4.2% (4.5% previously) in 2022.
Inflation Expectations, 2020Q4
Date Uploaded: Jan 21 2021 3:00PM
The fourth quarter survey showed that headline CPI inflation is forecast to average 3.7% (3.6% previously) in 2020 and to edge up to 4.2% (also 4.2% previously) in 2021 and 4.5% (4.6% previously) in 2022. Business people continue to have higher inflation
read moreThe fourth quarter survey showed that headline CPI inflation is forecast to average 3.7% (3.6% previously) in 2020 and to edge up to 4.2% (also 4.2% previously) in 2021 and 4.5% (4.6% previously) in 2022. Business people continue to have higher inflation expectations than analysts and trade union officials for all forecast periods. Average inflation expectations over the next five years ticked up from 4.5% in Q3 to 4.7% in the fourth quarter.