Forex Dictionary

Prelim UoM Inflation Expectations

Prelim UoM Inflation Expectations

Measures Percentage that consumers expect the price of goods and services to change during the next 12 months; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, around the middle of the current month; FF Notes There are two versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; Why Traders Care Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise; Derived Via Survey of about 500 consumers which asks respondents where they expect prices to be 12 months in the future; Acronyms University of Michigan (UoM);