5-Year, 5-Year Forward Inflation Expectation Rate (T5YIFR)

2.24%
as of June 10, 2026
+0.02 (+0.90%)vs prior reading (June 9, 2026)
PercentDailyNot Seasonally Adjusted

5-Year, 5-Year Forward Inflation Expectation Rate — Historical Chart

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Understanding 5-Year, 5-Year Forward Inflation Expectation Rate

5-Year, 5-Year Forward Inflation Expectation Rate (FRED series T5YIFR) is a daily economic indicator measured in percent. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 2003.

Why it matters: 5-Year, 5-Year Forward Inflation Expectation Rate is one of the indicators traders, economists, and policymakers watch within the economic complex. Analysts use it to track conditions in the US economy and to anticipate shifts in growth, inflation, and policy.

How to read it: focus on the direction and persistence of changes rather than any single daily print. Comparing the latest value against its level a year ago, and against its long-run range since 2003, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.

About This Series

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. 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).

Recent Data

DateValue (%)Change
June 10, 20262.24%+0.02
June 9, 20262.22%-0.01
June 8, 20262.23%-0.01
June 5, 20262.24%+0
June 4, 20262.24%+0.01
June 3, 20262.23%-0.03
June 2, 20262.26%+0
June 1, 20262.26%+0.02
May 29, 20262.24%+0
May 28, 20262.24%-0.01
May 27, 20262.25%-0.02
May 26, 20262.27%+0.01

Frequently Asked Questions

What is 5-Year, 5-Year Forward Inflation Expectation Rate today?

The latest value of 5-Year, 5-Year Forward Inflation Expectation Rate (T5YIFR) is shown at the top of this page, along with its observation date and the change from the prior reading. Data is sourced from FRED and refreshed regularly.

How often is 5-Year, 5-Year Forward Inflation Expectation Rate updated?

5-Year, 5-Year Forward Inflation Expectation Rate is reported daily (Daily). New observations appear on FRED shortly after the source agency releases them, and this page updates daily.

What does a rising 5-Year, 5-Year Forward Inflation Expectation Rate mean?

A sustained rise in 5-Year, 5-Year Forward Inflation Expectation Rate signals strengthening readings in this economic measure, in percent. Whether that is positive or negative for markets depends on context — compare the move against the series’ trend and related indicators in the same category.

Where does the T5YIFR data come from?

The data comes from FRED® (Federal Reserve Economic Data), maintained by the Federal Reserve Bank of St. Louis, under series ID T5YIFR. History is available back to 2003.

Related Unknown Indicators

Data sourced from FRED®, Federal Reserve Bank of St. Louis: 5-Year, 5-Year Forward Inflation Expectation Rate (T5YIFR). Retrieved from fred.stlouisfed.org. Last updated June 10, 2026.