February 2012: Long-term inflation expectations

Projecting ahead, to the best of your ability, please assign a percent likelihood to the following changes to unit costs per year over the next five to 10 years.

Number of
responses
Unit costs down
(<>
Unit costs about unchanged
(–1% to 1%)
Unit costs up somewhat
(1.1% to 3%)
Unit costs up significantly
(3.1% to 5%)
Unit costs up very significantly
(>5%)
Mean Median Mode Variance
89 4% 11% 38% 29% 17% 2.9 2.9 2.9 2.8

Note: Responses to the special question are limited to those that were submitted after 5:30 p.m. Monday, February 13, due to a variation in the question text.