July 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.

  N Unit costs
down (<–1%)
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
February 17, 2012 89 4% 11% 38% 29% 17% 2.9% 2.9% 2.9% 2.8%
April 13, 2012 152 4% 12% 36% 30% 18% 3.0% 3.0% 2.9% 2.6%
July 20, 2012 153 4% 15% 36% 26% 19% 2.8% 2.9% 3.0% 2.9%