US consumer expectations for inflation over the next year eased slightly in February, according to data from the Federal Reserve Bank of New York. The 1‑year inflation outlook slipped to 3.0% in February 2026, down from 3.1% recorded in January 2026.
The marginal decline suggests that households’ short-term inflation concerns continue to moderate, even as expectations remain above the Federal Reserve’s 2% inflation target. The updated figures were released on 9 March 2026, providing fresh insight into how consumers view the near-term path of prices across the US economy.
