Title: 1-Year Real Interest Rate Series ID: REAINTRATREARAT1YE 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 4.34358480 1982-02-01 6.70684300 1982-03-01 7.67323810 1982-04-01 8.16635540 1982-05-01 8.26540550 1982-06-01 9.28602170 1982-07-01 7.45154700 1982-08-01 5.67198710 1982-09-01 3.30248340 1982-10-01 4.62968240 1982-11-01 5.75723950 1982-12-01 5.34963530 1983-01-01 4.69918930 1983-02-01 4.86952160 1983-03-01 5.30381690 1983-04-01 5.08796580 1983-05-01 5.29803120 1983-06-01 5.96062350 1983-07-01 4.72544950 1983-08-01 5.73898110 1983-09-01 5.47291380 1983-10-01 4.92586040 1983-11-01 4.61756170 1983-12-01 4.45117330 1984-01-01 5.35483190 1984-02-01 5.20461540 1984-03-01 5.60234410 1984-04-01 5.36433260 1984-05-01 5.37024530 1984-06-01 5.37616630 1984-07-01 6.29498690 1984-08-01 6.06695610 1984-09-01 6.43406740 1984-10-01 6.86463640 1984-11-01 6.38209390 1984-12-01 5.75477110 1985-01-01 5.13621670 1985-02-01 4.79282600 1985-03-01 4.54149360 1985-04-01 5.71717960 1985-05-01 4.98950490 1985-06-01 3.52091030 1985-07-01 4.46017150 1985-08-01 4.25833670 1985-09-01 4.11774730 1985-10-01 4.08268070 1985-11-01 4.20825250 1985-12-01 4.45881810 1986-01-01 4.29488410 1986-02-01 4.48317660 1986-03-01 5.31592260 1986-04-01 5.11601550 1986-05-01 4.96674130 1986-06-01 4.49154240 1986-07-01 3.50493680 1986-08-01 3.35509850 1986-09-01 2.99641290 1986-10-01 2.76604470 1986-11-01 2.69176570 1986-12-01 2.41788070 1987-01-01 2.48413290 1987-02-01 2.28603990 1987-03-01 3.29241540 1987-04-01 2.50409520 1987-05-01 2.10890030 1987-06-01 2.85414650 1987-07-01 2.26998560 1987-08-01 2.57361290 1987-09-01 2.37821020 1987-10-01 3.65368380 1987-11-01 3.43400670 1987-12-01 2.41275040 1988-01-01 2.47168430 1988-02-01 2.85749320 1988-03-01 2.69979000 1988-04-01 2.80511640 1988-05-01 2.90784510 1988-06-01 3.12711250 1988-07-01 2.51976500 1988-08-01 3.23874260 1988-09-01 3.35833630 1988-10-01 3.11955320 1988-11-01 3.04382550 1988-12-01 3.27055190 1989-01-01 3.25220860 1989-02-01 3.41076590 1989-03-01 3.46650770 1989-04-01 4.05675830 1989-05-01 4.50635940 1989-06-01 4.45379320 1989-07-01 3.90232120 1989-08-01 3.73376290 1989-09-01 3.96956770 1989-10-01 3.93519170 1989-11-01 3.86269160 1989-12-01 3.92125370 1990-01-01 3.82224230 1990-02-01 3.36711840 1990-03-01 4.43179570 1990-04-01 4.52712990 1990-05-01 4.30626600 1990-06-01 3.72363800 1990-07-01 4.28931890 1990-08-01 3.90242770 1990-09-01 2.85327940 1990-10-01 2.57517710 1990-11-01 2.06465650 1990-12-01 2.08943760 1991-01-01 2.68832760 1991-02-01 3.00589800 1991-03-01 2.83248230 1991-04-01 3.41511650 1991-05-01 3.15279120 1991-06-01 2.96284440 1991-07-01 2.86350750 1991-08-01 2.70176280 1991-09-01 2.63416980 1991-10-01 2.15856580 1991-11-01 2.06564660 1991-12-01 1.64026630 1992-01-01 1.50429280 1992-02-01 1.45465520 1992-03-01 1.36988450 1992-04-01 1.74984650 1992-05-01 1.49159080 1992-06-01 1.25285460 1992-07-01 1.25385840 1992-08-01 1.06869980 1992-09-01 0.98347453 1992-10-01 0.73632090 1992-11-01 0.90703369 1992-12-01 1.09956710 1993-01-01 0.90345318 1993-02-01 0.79552367 1993-03-01 0.55103927 1993-04-01 0.71185854 1993-05-01 0.60491925 1993-06-01 1.25552300 1993-07-01 0.83848638 1993-08-01 0.91406765 1993-09-01 0.76919008 1993-10-01 0.53441071 1993-11-01 0.72851590 1993-12-01 0.94794230 1994-01-01 0.88858704 1994-02-01 0.77513982 1994-03-01 0.33699727 1994-04-01 1.30459580 1994-05-01 1.55011750 1994-06-01 1.25383360 1994-07-01 1.48021810 1994-08-01 1.99615040 1994-09-01 2.03101840 1994-10-01 2.03094610 1994-11-01 2.04089860 1994-12-01 2.01401730 1995-01-01 2.32982810 1995-02-01 2.25730420 1995-03-01 2.16127930 1995-04-01 2.36221990 1995-05-01 3.71093360 1995-06-01 3.10988340 1995-07-01 2.43535030 1995-08-01 2.51839550 1995-09-01 2.20314530 1995-10-01 2.52767610 1995-11-01 2.32717580 1995-12-01 3.05439540 1996-01-01 2.41653340 1996-02-01 2.14358530 1996-03-01 2.59565560 1996-04-01 2.58769470 1996-05-01 2.30539510 1996-06-01 2.37647570 1996-07-01 2.67806080 1996-08-01 2.45370100 1996-09-01 2.67428960 1996-10-01 2.36091570 1996-11-01 2.15343490 1996-12-01 2.45361110 1997-01-01 2.14983000 1997-02-01 1.95379130 1997-03-01 2.42806580 1997-04-01 2.58341090 1997-05-01 2.59784350 1997-06-01 2.77497690 1997-07-01 2.93198090 1997-08-01 2.64664890 1997-09-01 2.84858720 1997-10-01 2.33297070 1997-11-01 2.16665380 1997-12-01 2.83529710 1998-01-01 2.65581340 1998-02-01 2.53064530 1998-03-01 2.69924950 1998-04-01 2.70722660 1998-05-01 2.59774460 1998-06-01 2.86986550 1998-07-01 2.26653150 1998-08-01 2.34616520 1998-09-01 2.23960010 1998-10-01 2.11769940 1998-11-01 2.01977820 1998-12-01 2.36395660 1999-01-01 1.97754850 1999-02-01 1.90742410 1999-03-01 2.43334450 1999-04-01 2.50242990 1999-05-01 2.16183750 1999-06-01 3.44903840 1999-07-01 2.54590720 1999-08-01 2.63163780 1999-09-01 2.71541290 1999-10-01 2.25767010 1999-11-01 2.16694580 1999-12-01 1.84404300 2000-01-01 2.65349890 2000-02-01 2.63962140 2000-03-01 2.65931000 2000-04-01 2.89569900 2000-05-01 2.78899800 2000-06-01 1.97824960 2000-07-01 3.35333640 2000-08-01 3.23888420 2000-09-01 3.00375470 2000-10-01 3.04657280 2000-11-01 2.75627540 2000-12-01 2.31883880 2001-01-01 3.12556130 2001-02-01 2.83425220 2001-03-01 3.61730110 2001-04-01 2.39777640 2001-05-01 1.86322210 2001-06-01 1.44539710 2001-07-01 1.69281700 2001-08-01 1.59373150 2001-09-01 0.25169635 2001-10-01 1.02547360 2001-11-01 1.05574580 2001-12-01 -0.19812037 2002-01-01 0.78737590 2002-02-01 0.85551172 2002-03-01 1.08039570 2002-04-01 0.53216094 2002-05-01 0.10822150 2002-06-01 0.44413012 2002-07-01 0.25558851 2002-08-01 0.18227988 2002-09-01 -0.01541029 2002-10-01 -0.19993985 2002-11-01 -0.27816716 2002-12-01 -0.06171805 2003-01-01 -0.19006412 2003-02-01 -0.18728049 2003-03-01 -0.17478652 2003-04-01 -0.10768997 2003-05-01 0.08037008 2003-06-01 -1.22201890 2003-07-01 -0.09244847 2003-08-01 0.09684109 2003-09-01 0.05638458 2003-10-01 -0.19647062 2003-11-01 -0.16354861 2003-12-01 -0.60214837 2004-01-01 -0.13765171 2004-02-01 -0.40138788 2004-03-01 -0.06433799 2004-04-01 -0.41226559 2004-05-01 -0.50688531 2004-06-01 -0.99233744 2004-07-01 -0.44661319 2004-08-01 -0.49146606 2004-09-01 -1.33238490 2004-10-01 -0.21069296 2004-11-01 -0.04377570 2004-12-01 1.17700150 2005-01-01 0.34105223 2005-02-01 0.53033359 2005-03-01 0.58317037 2005-04-01 0.48126552 2005-05-01 0.66765132 2005-06-01 0.82656544 2005-07-01 1.09123600 2005-08-01 1.27134700 2005-09-01 1.97526410 2005-10-01 1.18130550 2005-11-01 1.27227230 2005-12-01 0.86637481 2006-01-01 2.02267770 2006-02-01 2.12014590 2006-03-01 3.24640900 2006-04-01 2.09117090 2006-05-01 2.29525250 2006-06-01 2.38412450 2006-07-01 2.16458710 2006-08-01 2.15325800 2006-09-01 2.76977870 2006-10-01 2.82775340 2006-11-01 3.35348870 2006-12-01 3.44532640 2007-01-01 2.29426100 2007-02-01 2.48278340 2007-03-01 2.08109970 2007-04-01 2.06176470 2007-05-01 1.45303580 2007-06-01 1.08686540 2007-07-01 1.90748410 2007-08-01 2.13083890 2007-09-01 1.80619640 2007-10-01 1.70921060 2007-11-01 2.19277410 2007-12-01 1.49314140 2008-01-01 1.12055790 2008-02-01 0.29817483 2008-03-01 0.63290718 2008-04-01 0.06574427 2008-05-01 -0.38171377 2008-06-01 -0.36084469 2008-07-01 -0.81728214 2008-08-01 -1.47387050 2008-09-01 -1.01600200 2008-10-01 1.19478250 2008-11-01 2.78386870 2008-12-01 2.54899290 2009-01-01 2.02703460 2009-02-01 2.07874390 2009-03-01 3.24525050 2009-04-01 0.06938378 2009-05-01 0.06749577 2009-06-01 0.48903207 2009-07-01 -0.10306189 2009-08-01 -0.96508483 2009-09-01 -1.88670630 2009-10-01 -0.80983562 2009-11-01 -1.00561440 2009-12-01 -1.21965670 2010-01-01 -0.81215137 2010-02-01 -1.06732520 2010-03-01 -1.61830630 2010-04-01 -0.44425119 2010-05-01 -0.50458009 2010-06-01 -0.38416424 2010-07-01 -0.07004565 2010-08-01 -0.68622794 2010-09-01 -0.13733499 2010-10-01 -1.00223790 2010-11-01 -1.16548310 2010-12-01 -0.93692711 2011-01-01 -1.10898110 2011-02-01 -1.37308600 2011-03-01 -1.53354630 2011-04-01 -1.46878210 2011-05-01 -2.12289840 2011-06-01 -2.04385660 2011-07-01 -2.56603860 2011-08-01 -1.29618830 2011-09-01 -0.74655287 2011-10-01 -1.59565640 2011-11-01 -1.64115630 2011-12-01 -1.95413670 2012-01-01 -1.59499720 2012-02-01 -1.66254900 2012-03-01 -1.32757640 2012-04-01 -1.87389300 2012-05-01 -1.25001450 2012-06-01 -0.35978255 2012-07-01 -1.21090770 2012-08-01 -1.16579480 2012-09-01 -2.12467250 2012-10-01 -1.67924670 2012-11-01 -1.51823980 2012-12-01 -2.48971230 2013-01-01 -1.11616370 2013-02-01 -0.94603683 2013-03-01 0.48887020 2013-04-01 -0.77068502 2013-05-01 -0.51296752 2013-06-01 -0.68342236 2013-07-01 -0.16887147 2013-08-01 -1.57304500 2013-09-01 -1.35603460 2013-10-01 -1.07562530 2013-11-01 -1.01729450 2013-12-01 -1.91457370 2014-01-01 -1.34525250 2014-02-01 -1.40151350 2014-03-01 -0.87407667 2014-04-01 -1.32158430 2014-05-01 -1.52038790 2014-06-01 -1.19028930 2014-07-01 -1.78356220 2014-08-01 -1.31988030 2014-09-01 -1.97205230 2014-10-01 -1.11007930 2014-11-01 -0.34990728 2014-12-01 -2.50329180 2015-01-01 1.12397490 2015-02-01 1.54236930 2015-03-01 0.91614976 2015-04-01 -0.83404213 2015-05-01 -0.98806997 2015-06-01 -1.18205955 2015-07-01 -1.26470300 2015-08-01 -1.30288050 2015-09-01 -1.74613640 2015-10-01 -0.84535881 2015-11-01 -0.73988133 2015-12-01 -0.72996474 2016-01-01 -0.87219070 2016-02-01 -0.21080726 2016-03-01 0.20280334 2016-04-01 -1.18731654 2016-05-01 -1.17368690 2016-06-01 -0.55190959 2016-07-01 -1.50103723 2016-08-01 -1.41616467 2016-09-01 -2.20417488 2016-10-01 -1.65360405 2016-11-01 -1.88065568 2016-12-01 -2.25275783 2017-01-01 -1.37086914 2017-02-01 -1.18188446 2017-03-01 -0.15871639 2017-04-01 -0.56455297 2017-05-01 -0.40602435 2017-06-01 0.68431521 2017-07-01 -0.44468298 2017-08-01 -0.37064119 2017-09-01 -1.01705756 2017-10-01 -0.83785636 2017-11-01 -0.98384247 2017-12-01 -2.81708626 2018-01-01 -0.77726570 2018-02-01 -0.83055203 2018-03-01 1.34333197 2018-04-01 0.77551332 2018-05-01 0.43880137 2018-06-01 0.75638472 2018-07-01 -0.12973530 2018-08-01 -0.11489998 2018-09-01 -0.68478285 2018-10-01 -0.18193060 2018-11-01 0.11522289 2018-12-01 0.48206827 2019-01-01 0.59518209 2019-02-01 0.56831863 2019-03-01 5.69992870 2019-04-01 3.11685814 2019-05-01 1.86934498 2019-06-01 1.84771863 2019-07-01 1.05216750 2019-08-01 0.64538988 2019-09-01 0.28409933 2019-10-01 -0.04052344 2019-11-01 -0.22348679 2019-12-01 -0.28927221 2020-01-01 -0.59602385 2020-02-01 -0.54217106 2020-03-01 3.35421645 2020-04-01 3.23944367 2020-05-01 2.87932085 2020-06-01 1.41774102 2020-07-01 -0.74405804 2020-08-01 -1.24438508 2020-09-01 -1.31528359 2020-10-01 -1.20327548 2020-11-01 -1.34746957 2020-12-01 -1.83847259 2021-01-01 -1.61108806 2021-02-01 -2.03085035 2021-03-01 -1.50202356 2021-04-01 -1.52838991 2021-05-01 -1.70438715 2021-06-01 -1.92139542 2021-07-01 -2.01792543 2021-08-01 -3.20561303 2021-09-01 -3.47182721 2021-10-01 -1.84043425 2021-11-01 -2.60001778 2021-12-01 -2.92875407 2022-01-01 -2.23245881 2022-02-01 -2.64867235 2022-03-01 -2.99804380 2022-04-01 -3.28578549 2022-05-01 -3.25642212 2022-06-01 -3.96642481 2022-07-01 -1.40330475 2022-08-01 -1.47068045 2022-09-01 -2.58910241 2022-10-01 0.02713679 2022-11-01 0.24964310 2022-12-01 0.82794740 2023-01-01 1.35596652 2023-02-01 1.43385141 2023-03-01 2.60005624 2023-04-01 1.24802557 2023-05-01 1.14790584 2023-06-01 8.00560278 2023-07-01 5.10470969 2023-08-01 4.30642606 2023-09-01 3.32253749 2023-10-01 3.18287590 2023-11-01 2.80175386