Title: 10-Year Real Interest Rate Series ID: REAINTRATREARAT10Y Source: Federal Reserve Bank of Cleveland Release: Inflation Expectations (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Percent Date Range: 1982-01-01 to 2023-11-01 Last Updated: 2023-11-14 2:33 PM CST Notes: The Federal Reserve Bank of Cleveland estimates the expected rate of inflation over the next 30 years along with the inflation risk premium, the real risk premium, and the real interest rate. Their estimates are calculated with a model that uses Treasury yields, inflation data, inflation swaps, and survey-based measures of inflation expectations. For more information, please visit the Federal Reserve Bank of Cleveland. DATE VALUE 1982-01-01 7.62374231 1982-02-01 7.65664807 1982-03-01 7.12899337 1982-04-01 7.40834717 1982-05-01 7.32004091 1982-06-01 7.34537864 1982-07-01 7.55898662 1982-08-01 6.87979814 1982-09-01 6.50722489 1982-10-01 6.27916218 1982-11-01 5.62621423 1982-12-01 5.88173142 1983-01-01 5.54338950 1983-02-01 5.86170487 1983-03-01 5.57383847 1983-04-01 5.70012244 1983-05-01 5.40239353 1983-06-01 5.80955824 1983-07-01 5.81857910 1983-08-01 6.26942178 1983-09-01 6.35502485 1983-10-01 6.03269333 1983-11-01 6.14393792 1983-12-01 6.14842454 1984-01-01 6.21530449 1984-02-01 6.10101810 1984-03-01 6.46257937 1984-04-01 6.62874874 1984-05-01 6.85146491 1984-06-01 7.34576833 1984-07-01 7.44614428 1984-08-01 6.87114867 1984-09-01 6.97565415 1984-10-01 6.60885326 1984-11-01 6.06648144 1984-12-01 6.07562511 1985-01-01 6.16190057 1985-02-01 6.01581783 1985-03-01 6.38383581 1985-04-01 6.19138804 1985-05-01 5.93748656 1985-06-01 5.15600530 1985-07-01 5.33392835 1985-08-01 5.59011814 1985-09-01 5.42327410 1985-10-01 5.40769529 1985-11-01 5.24249080 1985-12-01 5.08076952 1986-01-01 4.54718526 1986-02-01 4.62388041 1986-03-01 4.20918205 1986-04-01 3.94830491 1986-05-01 4.04659032 1986-06-01 4.58448381 1986-07-01 3.99302785 1986-08-01 3.92058070 1986-09-01 3.55172642 1986-10-01 3.86705459 1986-11-01 3.74388639 1986-12-01 3.54373436 1987-01-01 3.60456573 1987-02-01 3.57858135 1987-03-01 3.55478545 1987-04-01 3.76019917 1987-05-01 4.35971440 1987-06-01 4.33241266 1987-07-01 4.27752862 1987-08-01 4.48023176 1987-09-01 4.60420021 1987-10-01 4.95924181 1987-11-01 4.52543171 1987-12-01 4.57927551 1988-01-01 4.60538556 1988-02-01 4.09836913 1988-03-01 4.04273806 1988-04-01 4.41655648 1988-05-01 4.49627175 1988-06-01 4.65088068 1988-07-01 4.43535275 1988-08-01 4.54274482 1988-09-01 4.70786025 1988-10-01 4.46199391 1988-11-01 4.35872218 1988-12-01 4.61793872 1989-01-01 4.86319371 1989-02-01 4.73187982 1989-03-01 4.97372227 1989-04-01 4.87105004 1989-05-01 4.62966249 1989-06-01 4.41116564 1989-07-01 4.00267623 1989-08-01 3.73935273 1989-09-01 4.27707143 1989-10-01 4.29718333 1989-11-01 4.03013495 1989-12-01 4.02966583 1990-01-01 4.12762340 1990-02-01 4.36692739 1990-03-01 4.55196762 1990-04-01 4.55216196 1990-05-01 4.80506176 1990-06-01 4.38261115 1990-07-01 4.34181850 1990-08-01 4.17053207 1990-09-01 4.39874470 1990-10-01 4.20053902 1990-11-01 4.05885498 1990-12-01 3.89392070 1991-01-01 3.92293115 1991-02-01 3.90705382 1991-03-01 4.17583618 1991-04-01 4.10983310 1991-05-01 4.04991631 1991-06-01 4.18764426 1991-07-01 4.22225375 1991-08-01 4.13991739 1991-09-01 3.87849555 1991-10-01 3.63786206 1991-11-01 3.56505772 1991-12-01 3.41033346 1992-01-01 3.19854245 1992-02-01 3.62829159 1992-03-01 3.66026498 1992-04-01 3.78985987 1992-05-01 3.74616997 1992-06-01 3.56857666 1992-07-01 3.35309944 1992-08-01 3.12482260 1992-09-01 2.95734236 1992-10-01 2.72804375 1992-11-01 3.32463334 1992-12-01 3.50968543 1993-01-01 3.26790846 1993-02-01 3.00478524 1993-03-01 2.67342493 1993-04-01 2.77451693 1993-05-01 2.66472062 1993-06-01 2.76123734 1993-07-01 2.59179878 1993-08-01 2.70290307 1993-09-01 2.45058069 1993-10-01 2.39884319 1993-11-01 2.56229533 1993-12-01 2.72011647 1994-01-01 2.77268493 1994-02-01 2.62016875 1994-03-01 2.97120305 1994-04-01 3.65918278 1994-05-01 3.62457709 1994-06-01 3.59356552 1994-07-01 3.78641940 1994-08-01 3.58028405 1994-09-01 3.63710450 1994-10-01 3.95662307 1994-11-01 4.10325275 1994-12-01 4.11695307 1995-01-01 4.24429022 1995-02-01 4.05499673 1995-03-01 3.72098557 1995-04-01 3.65492730 1995-05-01 3.42048080 1995-06-01 2.90471287 1995-07-01 2.93803016 1995-08-01 3.14848844 1995-09-01 3.01759856 1995-10-01 3.00972940 1995-11-01 2.88422441 1995-12-01 2.72215346 1996-01-01 2.64759197 1996-02-01 2.59785872 1996-03-01 2.89729360 1996-04-01 3.10833442 1996-05-01 3.30502587 1996-06-01 3.49408029 1996-07-01 3.36926055 1996-08-01 3.32941538 1996-09-01 3.52082209 1996-10-01 3.31834947 1996-11-01 3.14164675 1996-12-01 2.95093511 1997-01-01 3.25486780 1997-02-01 3.21337489 1997-03-01 3.30855580 1997-04-01 3.55047337 1997-05-01 3.43698117 1997-06-01 3.27910832 1997-07-01 3.19987642 1997-08-01 3.08851190 1997-09-01 3.15086952 1997-10-01 3.01659074 1997-11-01 2.97295683 1997-12-01 2.91985104 1998-01-01 2.84030163 1998-02-01 2.77706891 1998-03-01 2.85251196 1998-04-01 2.84606553 1998-05-01 2.89304228 1998-06-01 2.87099745 1998-07-01 2.77070571 1998-08-01 2.77934018 1998-09-01 2.49623921 1998-10-01 1.93514547 1998-11-01 2.22103048 1998-12-01 2.22957981 1999-01-01 2.30815245 1999-02-01 2.36759019 1999-03-01 2.71035881 1999-04-01 2.67778993 1999-05-01 2.70423805 1999-06-01 3.11656311 1999-07-01 3.00556180 1999-08-01 3.10154331 1999-09-01 3.16946543 1999-10-01 3.14292186 1999-11-01 3.14725353 1999-12-01 3.19220350 2000-01-01 3.41105112 2000-02-01 3.51334339 2000-03-01 3.44034736 2000-04-01 3.20296665 2000-05-01 3.36053110 2000-06-01 3.12789290 2000-07-01 3.06235485 2000-08-01 3.04561328 2000-09-01 2.88599618 2000-10-01 2.87662559 2000-11-01 2.83313793 2000-12-01 2.63921042 2001-01-01 2.25143294 2001-02-01 2.26701398 2001-03-01 2.26729473 2001-04-01 2.22098391 2001-05-01 2.43341797 2001-06-01 2.52645602 2001-07-01 2.52836744 2001-08-01 2.33436142 2001-09-01 2.17776797 2001-10-01 1.98693245 2001-11-01 1.81476553 2001-12-01 2.04057630 2002-01-01 2.52349996 2002-02-01 2.40007343 2002-03-01 2.42129018 2002-04-01 2.70112632 2002-05-01 2.35054993 2002-06-01 2.31986391 2002-07-01 2.14192855 2002-08-01 1.74226259 2002-09-01 1.44610825 2002-10-01 1.26869564 2002-11-01 1.39558681 2002-12-01 1.69225366 2003-01-01 1.48820174 2003-02-01 1.46637900 2003-03-01 1.22359095 2003-04-01 1.30961847 2003-05-01 1.37072098 2003-06-01 0.90511574 2003-07-01 1.12868896 2003-08-01 1.75170446 2003-09-01 1.89723825 2003-10-01 1.38081936 2003-11-01 1.71390165 2003-12-01 1.71357266 2004-01-01 1.70195436 2004-02-01 1.57158074 2004-03-01 1.47016466 2004-04-01 1.35814941 2004-05-01 1.88324516 2004-06-01 1.94657611 2004-07-01 1.93379862 2004-08-01 1.85580269 2004-09-01 1.48469164 2004-10-01 1.68710630 2004-11-01 1.60768876 2004-12-01 1.90953662 2005-01-01 1.77927590 2005-02-01 1.81315912 2005-03-01 1.97934111 2005-04-01 2.02052684 2005-05-01 1.78986568 2005-06-01 1.66688811 2005-07-01 1.82002108 2005-08-01 2.00821677 2005-09-01 1.73569017 2005-10-01 1.96704484 2005-11-01 2.07568901 2005-12-01 2.01834727 2006-01-01 2.06484172 2006-02-01 2.20441278 2006-03-01 2.38362088 2006-04-01 2.35839303 2006-05-01 2.40637015 2006-06-01 2.45080986 2006-07-01 2.49634953 2006-08-01 2.29828610 2006-09-01 2.20605719 2006-10-01 2.21206207 2006-11-01 2.19988540 2006-12-01 2.12213778 2007-01-01 2.14807579 2007-02-01 2.28715091 2007-03-01 2.02498640 2007-04-01 2.07748685 2007-05-01 2.03184420 2007-06-01 2.24630973 2007-07-01 2.37357342 2007-08-01 2.13388077 2007-09-01 1.94622258 2007-10-01 1.98911422 2007-11-01 1.82624712 2007-12-01 1.38696881 2008-01-01 1.39949068 2008-02-01 1.11112286 2008-03-01 1.02522008 2008-04-01 1.06289422 2008-05-01 1.40051629 2008-06-01 1.48755401 2008-07-01 1.44558109 2008-08-01 1.35649733 2008-09-01 1.23957472 2008-10-01 1.48506331 2008-11-01 1.63162854 2008-12-01 0.97537985 2009-01-01 0.93854104 2009-02-01 1.03930649 2009-03-01 1.25074177 2009-04-01 0.71281967 2009-05-01 1.01741090 2009-06-01 1.32210554 2009-07-01 1.26690282 2009-08-01 1.15904037 2009-09-01 0.94923764 2009-10-01 0.99714116 2009-11-01 1.06141004 2009-12-01 0.84804056 2010-01-01 1.29792486 2010-02-01 1.12451541 2010-03-01 0.99873153 2010-04-01 1.30910530 2010-05-01 1.22638786 2010-06-01 1.01936098 2010-07-01 0.84675907 2010-08-01 0.65616389 2010-09-01 0.57706775 2010-10-01 0.40880525 2010-11-01 0.33888956 2010-12-01 0.62620927 2011-01-01 0.86397716 2011-02-01 0.82968718 2011-03-01 0.87385088 2011-04-01 0.97750283 2011-05-01 0.71147484 2011-06-01 0.49226699 2011-07-01 0.57395235 2011-08-01 0.39497491 2011-09-01 0.21493888 2011-10-01 0.09856249 2011-11-01 0.13706953 2011-12-01 0.14446831 2012-01-01 0.14610051 2012-02-01 0.02185103 2012-03-01 0.16923691 2012-04-01 0.19464573 2012-05-01 -0.08722198 2012-06-01 -0.04815105 2012-07-01 -0.05482603 2012-08-01 -0.06008478 2012-09-01 -0.16925714 2012-10-01 -0.09317224 2012-11-01 -0.00573705 2012-12-01 -0.17237745 2013-01-01 0.08440142 2013-02-01 0.17210018 2013-03-01 0.05034072 2013-04-01 -0.02421188 2013-05-01 -0.01939123 2013-06-01 0.22769375 2013-07-01 0.54638104 2013-08-01 0.47506869 2013-09-01 0.54083451 2013-10-01 0.49296942 2013-11-01 0.48963774 2013-12-01 0.41829993 2014-01-01 0.68063671 2014-02-01 0.50867731 2014-03-01 0.58045318 2014-04-01 0.70222210 2014-05-01 0.62685415 2014-06-01 0.62452944 2014-07-01 0.59099495 2014-08-01 0.64940570 2014-09-01 0.58085993 2014-10-01 0.70096470 2014-11-01 0.71330026 2014-12-01 0.38472537 2015-01-01 0.70994280 2015-02-01 0.53838038 2015-03-01 0.75170542 2015-04-01 0.41032252 2015-05-01 0.53392144 2015-06-01 0.55377780 2015-07-01 0.66707490 2015-08-01 0.54830556 2015-09-01 0.51245991 2015-10-01 0.52877171 2015-11-01 0.66620570 2015-12-01 0.64742223 2016-01-01 0.73450597 2016-02-01 0.53873800 2016-03-01 0.55140742 2016-04-01 0.34527268 2016-05-01 0.41364983 2016-06-01 0.51909852 2016-07-01 0.16534694 2016-08-01 0.22683746 2016-09-01 0.21607430 2016-10-01 0.28979681 2016-11-01 0.34660933 2016-12-01 0.70045658 2017-01-01 0.72565107 2017-02-01 0.77438158 2017-03-01 0.91650302 2017-04-01 0.76575378 2017-05-01 0.77640880 2017-06-01 0.73611135 2017-07-01 0.72501612 2017-08-01 0.67086016 2017-09-01 0.56521264 2017-10-01 0.72914351 2017-11-01 0.75219045 2017-12-01 0.57304923 2018-01-01 0.87378801 2018-02-01 1.08846929 2018-03-01 1.02953583 2018-04-01 1.01435433 2018-05-01 1.21609180 2018-06-01 1.24572814 2018-07-01 1.15523371 2018-08-01 1.25524162 2018-09-01 1.13214690 2018-10-01 1.30012681 2018-11-01 1.30865835 2018-12-01 1.25496666 2019-01-01 1.04043434 2019-02-01 1.06818285 2019-03-01 0.51720765 2019-04-01 0.42030375 2019-05-01 0.54042880 2019-06-01 0.42130162 2019-07-01 0.44057188 2019-08-01 0.42005179 2019-09-01 0.23500552 2019-10-01 0.36832453 2019-11-01 0.43361185 2019-12-01 0.51426493 2020-01-01 0.50509631 2020-02-01 0.31598579 2020-03-01 -0.12783745 2020-04-01 -0.11159442 2020-05-01 -0.02785652 2020-06-01 -0.15369936 2020-07-01 -0.34534450 2020-08-01 -0.40713400 2020-09-01 -0.34333693 2020-10-01 -0.29173845 2020-11-01 -0.21395564 2020-12-01 -0.23232146 2021-01-01 -0.23501721 2021-02-01 -0.23082380 2021-03-01 0.01250687 2021-04-01 0.11804694 2021-05-01 0.03694758 2021-06-01 -0.00566485 2021-07-01 0.03504108 2021-08-01 -0.26101879 2021-09-01 -0.19473087 2021-10-01 0.08790114 2021-11-01 0.16399788 2021-12-01 0.09168917 2022-01-01 0.31949510 2022-02-01 0.44159289 2022-03-01 0.34708992 2022-04-01 0.94940027 2022-05-01 1.20389776 2022-06-01 1.02509351 2022-07-01 1.06217493 2022-08-01 0.85562530 2022-09-01 1.20424868 2022-10-01 1.79733203 2022-11-01 1.93071305 2022-12-01 1.57612515 2023-01-01 1.78309897 2023-02-01 1.42020217 2023-03-01 2.05963636 2023-04-01 1.44391386 2023-05-01 1.53690406 2023-06-01 1.06063107 2023-07-01 1.42604730 2023-08-01 1.60209539 2023-09-01 1.69970754 2023-10-01 2.08246076 2023-11-01 2.09674915