![UMich consumer confidence May](https://images.forexlive.com/images/UMich%20consumer%20confidence%20May_id_10487acb-4b9f-46fb-ba3d-4e27ef0be1fc_original.jpg)
UMich consumer confidence May
- Prelim was 65.6
- Prior was 67.4
- Current conditions 65.9 vs 62.5 prelim (68.8 prior)
- Expectations 69.6 vs 67.6 prelim (66.5 prior)
- 1-year inflation 3.0% vs 3.3% prelim
- 5-year inflation 3.0% vs 3.0% prelim
The stock market is at the highs of the day on this in part due to the drop in these inflation expectations number, which are closing in on pre-pandemic levels.
![UMich inflation 1 year](https://images.forexlive.com/images/UMich%20inflation%201%20year_id_f136a420-3020-44e2-8aca-b909f2ae28e3_original.jpg)
UMich inflation 1 year