US consumers’ short-term inflation expectations were unchanged in March, according to the latest Michigan 1-Year Inflation Expectations reading, which remained at 3.4%. The stability follows an identical 3.4% reading in February 2026, suggesting households’ views on near-term price pressures have plateaued for now.
The flat reading may indicate that, despite ongoing uncertainty around prices, consumers are not revising their expectations higher or lower compared with the previous month. The March 2026 data, updated on 13 March 2026, will be closely watched by markets and policymakers as they assess how firmly inflation expectations are anchored ahead of future monetary policy decisions.
