Inflation expectations for the upcoming year in the United States increased for the fifth consecutive month to reach 6.7% in April 2025. This marks the highest level since November 1981, as reported by the preliminary data from the University of Michigan Consumer Survey. Concurrently, the five-year inflation outlook rose for the fourth month in a row to 4.4% in April, the highest figure since June 1991, up from 4.1% the prior month.