Indicators · Money and rates · T5YIFR
5-Year, 5-Year Forward Inflation Expectation Rate
Expected average inflation in years six to ten from now.
Percent
2.31
−0.03 vs
History
5-year, 5-year forward inflation expectation Percent
2.3267 Week of 12 Oct 2026
Broad US dollar index Index Jan 2006=100
121.294680 Week of 5 Oct 2026
10-year real yield Percent
2.8600 Week of 12 Oct 2026
5Y shown as weekly averages of daily observations. Averages are computed in the database from the latest vintage of each observation and shown to 4 decimal places. Full daily history is in the CSV. Compared series are drawn in separate panels on the same time axis, each with its own scale and units.
How to read it
- What it measures
- FRED's measure of expected average inflation in years six to ten from now, computed from the five- and ten-year ordinary and inflation-indexed Treasury yields.
- What it does not show
- It is built from the same spread between ordinary and inflation-protected Treasury yields, which also contains an inflation risk premium and a liquidity premium, so it is not a pure reading of what markets expect.
- Revisions
- A daily series calculated by the Federal Reserve Bank of St. Louis from US Treasury data. Capisaga keeps every stored version, so a later correction is a new version, not an overwrite.
Freshness
- Update frequency
- Daily
- Last observation
- Last checked
- Last retrieved
“Last checked” is when the pipeline last fetched this series from the source, whether or not anything changed. “Last retrieved” is when it last stored a new or revised value.
Source
Source: Federal Reserve Bank of St. Louis via FRED
Federal Reserve Bank of St. Louis, 5-Year, 5-Year Forward Inflation Expectation Rate [T5YIFR], retrieved from FRED, Federal Reserve Bank of St. Louis on 16 Oct 2026.
Copyright status (per FRED): copyrighted: citation required.