Observations

Dec 2025: 2.28

Updated: Jan 2, 2026 4:03 PM CST

Units:

Percent,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

5-Year Breakeven Inflation Rate	2014-05-16	2026-01-02

Source

Federal Reserve Bank of St. Louis	2014-05-16	2026-01-02

Release

Interest Rate Spreads	2014-05-16	2026-01-02

Units

Percent	2014-05-16	2026-01-02

Frequency

Monthly	2014-05-16	2026-01-02

Seasonal Adjustment

Not Seasonally Adjusted	2014-05-16	2026-01-02

Notes

The breakeven inflation rate represents a measure of expected inflation derived from 5-Year Treasury Constant Maturity Securities (https://fred.stlouisfed.org/series/GS5) and 5-Year Treasury Inflation-Indexed Constant Maturity Securities (https://fred.stlouisfed.org/series/FII5). The latest value implies what market participants expect inflation to be in the next 5 years, on average.	2014-05-16	2019-06-20
The breakeven inflation rate represents a measure of expected inflation derived from 5-Year Treasury Constant Maturity Securities (BC_5YEAR) and 5-Year Treasury Inflation-Indexed Constant Maturity Securities (TC_5YEAR). The latest value implies what market participants expect inflation to be in the next 5 years, on average. 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).	2019-06-21	2026-01-02

5-Year Breakeven Inflation Rate (T5YIEM)