The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, accelerated to a seven-month high of 4.7% in April 2026 from 3.8% in March, down slightly from the preliminary estimate of 4.8%. Meanwhile, the five-year inflation outlook was revised slightly up to 3.5%, the highest in six months, from an earlier estimate of 3.4% and above March's 3.2%.