{"id":248985,"date":"2024-07-29T20:29:45","date_gmt":"2024-07-29T20:29:45","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/29\/inflation-expectations-in-july-and-june\/"},"modified":"2025-06-25T17:13:40","modified_gmt":"2025-06-25T17:13:40","slug":"inflation-expectations-in-july-and-june","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/29\/inflation-expectations-in-july-and-june\/","title":{"rendered":"Inflation Expectations in July (and June)"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-53032\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Michigan is down in July, while business unit costs are up slightly.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/michinflrates30.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-53033\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/michinflrates30.png\" alt=\"\" width=\"993\" height=\"547\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/michinflrates30.png 993w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/michinflrates30-300x165.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/michinflrates30-768x423.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/michinflrates30-624x344.png 624w\" sizes=\"(max-width: 993px) 100vw, 993px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Year-on-year actual CPI inflation (bold black), and expected inflation from University of Michigan (red), NY Fed (light green), Survey of Professional Forecasters (blue +), Coibion-Gorodnichenko SoFIE mean (sky blue squares), and unit cost growth rate (chartreuse), all in %. Source: BLS, U.Michigan via FRED, <a href=\"https:\/\/www.newyorkfed.org\/microeconomics\/sce.html#\/inflexp-1\">NY Fed<\/a>, <a href=\"https:\/\/www.philadelphiafed.org\/surveys-and-data\/real-time-data-research\/survey-of-professional-forecasters\">Philadelphia Fed<\/a>,\u00a0<a href=\"https:\/\/www.atlantafed.org\/research\/inflationproject\/bie\">Atlanta Fed<\/a>,\u00a0<a href=\"https:\/\/www.clevelandfed.org\/indicators-and-data\/survey-of-firms-inflation-expectations\">Cleveland Fed<\/a>, and author\u2019s calculations.<\/em><\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/07\/inflation-expectations-in-july-and-june\" title=\"11:52 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-07-29T11:52:04-07:00\">July 29, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/07\/inflation-expectations-in-july-and-june\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Michigan is down in July, while business unit costs are up slightly. Figure 1: Year-on-year actual CPI inflation (bold black), and expected inflation from<\/p>\n","protected":false},"author":1,"featured_media":248986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/248985"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=248985"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/248985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/248986"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=248985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=248985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=248985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}