Capisaga

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 Rate, Max. Max shown as monthly averages of daily observations.
MonthAverageObservations
2.340010
2.339521
2.309521
2.231822
2.217121
2.265520
2.165922
2.115522
2.149519
2.222520
2.206822
2.181718
2.251822
2.317121
2.325221
2.324522
2.268520
2.242921
2.133821
2.136221
2.241119
2.310521
2.242921
2.254219
2.340522
2.248020
2.246822
2.364522
2.296319
2.335022
2.336822
2.242020
2.248020
2.307621
2.241520
2.361421
2.462421
2.430520
2.430923
2.385520
2.261421
2.271822
2.225020
2.226523
2.220519
2.240020
2.202421
2.297520
2.316520
2.314321
2.332623
2.140520
2.341921
2.350021
2.452520
2.282223
2.045319
2.102020
2.167322
2.249520
2.325020
2.191921
2.203622
2.158621
2.220922
2.286520
2.169522
2.053523
2.048419
2.060019
1.966422
1.798919
1.846721
1.780021
1.772421
1.599522
1.532322
1.466020
1.448121
1.299122
1.650519
1.789521
1.814821
1.732619
1.719522
1.780520
1.792322
1.925922
1.851020
1.944522
2.034821
2.009521
1.996319
1.959521
2.031119
2.163520
2.235522
2.237919
2.215723
2.186221
2.167621
2.181822
2.205721
2.159521
2.237919
2.151021
2.033020
1.962421
1.992421
1.986020
1.936523
1.902520
1.824522
1.927322
2.064219
2.155723
2.151119
2.137520
2.060521
1.982520
1.801520
1.680021
1.633023
1.542520
1.504122
1.668121
1.747621
1.694522
1.531520
1.649519
1.791422
1.874719
1.822921
1.890521
1.993321
2.146422
2.099122
2.091520
2.098622
2.046422
2.068419
2.005520
2.119122
2.282218
2.358622
2.470021
2.551021
2.554522
2.487621
2.446221
2.516221
2.558121
2.540519
2.714321
2.657121
2.587919
2.597322
2.523520
2.515922
2.386822
2.304020
2.584522
2.732322
2.839020
2.875819
2.855721
2.857520
2.805020
2.815221
2.733219
2.621723
2.490021
2.486721
2.404122
2.581021
2.582322
2.498520
2.392020
2.349521
2.263020
2.236020
2.179521
2.566523
2.727020
2.538222
2.602421
2.871520
2.699123
2.665819
2.736520
2.764122
2.638520
2.523020
2.198121
2.017322
2.118621
2.242722
2.455520
2.730922
2.566523
2.596319
2.650519
2.542322
2.508419
2.308121
2.176721
2.345221
2.195022
2.193222
2.089020
1.972921
1.632322
1.654219
1.200520
0.732722
2.718918
2.165022
2.341421
2.425221
2.414522
2.425721
2.479521
2.399522
2.582020
2.534020
2.427621
2.401520
2.446520
2.459522
2.472119
2.429123
2.446221
2.451421
2.367722
2.399021
2.333622
2.354719
2.365221
2.378020
2.432421
2.459021
2.508520
2.616523
2.576520
2.538222
2.634122
2.521119
2.428723
2.447919
2.407020
2.380521
2.464020
2.409020
2.389021
2.334823
2.292520
2.265922
2.407121
2.500521
2.544122
2.385319
2.418020
2.450022
2.414520
2.363020
2.401021
2.492322
2.550021
2.653321
2.738520
2.515721
2.450923
2.434219
2.490520
2.528622
2.655018
2.450022
2.282921
2.362921
2.163622
1.866221
1.985221
1.981021
2.030521
2.171119
2.110521

Max shown as monthly 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.

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.