Michigan consumer sentiment final for December 59.7 versus 59.1 preliminary

• Prior month 56.8
• Preliminary estimate 59.1
• Final Michigan consumer sentiment index 59.7 versus 59.1 preliminary
• Current conditions 59.4 versus 60.2 preliminary. 58.8 last month
• Expectations 59.9 versus 58.4 preliminary. 55.6 last month
• one year inflation final 4.4% versus 4.6% preliminary. 4.9% last month
• five year inflation expectations 2.9% versus 3.0% preliminary. 3.0% last month

The 1 year inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations component is a step in the right direction, but still remains high from a historical standards. It is an expectations number, not an actual inflation reading. So consumers are still expecting inflation to remain well above the Fed target 1 year hence.

In contrast, the median estimate from the feds central tendencies is for one year inflation to be 3.1% at the end of 2023.