5-Year, 5-Year Forward Inflation Expectation Rate: 1.78 % as of 09-01-2019

This series is a measure of expected inflation (on average) over the five-year period that begins five years from today. This series is constructed as: (((((1+((BC_10YEAR-TC_10YEAR)/100))^10)/((1+((BC_5YEAR-TC_5YEAR)/100))^5))^0.2)-1)*100 where BC10_YEAR, TC_10YEAR, BC_5YEAR, and TC_5YEAR are the 10 year and 5 year nominal and inflation adjusted Treasury securities. All of those are the actual series IDs in FRED. Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield).

Category, Region, Data Source:



Last Value 1.78 %
Latest Period 2019-09-01
Last Updated 2019-10-01 16:01:03-05
Frequency M
Average Growth Rate 0.43
Long Term Average 2.29
Value from 1 Year Ago 2.24
Change from 1 Year Ago -20.54
Unit %
Adjustment %

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