Federal Reserve Economic Data

Table Data - 10-Year Breakeven Inflation Rate

Title 10-Year Breakeven Inflation Rate
Series ID T10YIEM
Source Federal Reserve Bank of St. Louis
Release Interest Rate Spreads (Not a Press Release)
Seasonal Adjustment Not Seasonally Adjusted
Frequency Monthly
Units Percent
Date Range 2003-01-01 to 2024-12-01
Last Updated 2025-01-02 4:01 PM CST
Notes The breakeven inflation rate represents a measure of expected inflation derived from 10-Year Treasury Constant Maturity Securities (BC_10YEARM) and 10-Year Treasury Inflation-Indexed Constant Maturity Securities (TC_10YEARM). The latest value implies what market participants expect inflation to be in the next 10 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.
DATE VALUE
2003-01-01 1.76
2003-02-01 1.91
2003-03-01 1.87
2003-04-01 1.78
2003-05-01 1.66
2003-06-01 1.61
2003-07-01 1.87
2003-08-01 2.13
2003-09-01 2.08
2003-10-01 2.21
2003-11-01 2.34
2003-12-01 2.29
2004-01-01 2.26
2004-02-01 2.32
2004-03-01 2.36
2004-04-01 2.45
2004-05-01 2.63
2004-06-01 2.58
2004-07-01 2.48
2004-08-01 2.42
2004-09-01 2.33
2004-10-01 2.37
2004-11-01 2.51
2004-12-01 2.56
2005-01-01 2.50
2005-02-01 2.54
2005-03-01 2.71
2005-04-01 2.63
2005-05-01 2.49
2005-06-01 2.33
2005-07-01 2.30
2005-08-01 2.37
2005-09-01 2.50
2005-10-01 2.52
2005-11-01 2.48
2005-12-01 2.35
2006-01-01 2.41
2006-02-01 2.52
2006-03-01 2.52
2006-04-01 2.58
2006-05-01 2.66
2006-06-01 2.58
2006-07-01 2.58
2006-08-01 2.59
2006-09-01 2.40
2006-10-01 2.32
2006-11-01 2.31
2006-12-01 2.31
2007-01-01 2.32
2007-02-01 2.36
2007-03-01 2.38
2007-04-01 2.43
2007-05-01 2.38
2007-06-01 2.41
2007-07-01 2.36
2007-08-01 2.23
2007-09-01 2.26
2007-10-01 2.33
2007-11-01 2.38
2007-12-01 2.31
2008-01-01 2.27
2008-02-01 2.33
2008-03-01 2.42
2008-04-01 2.32
2008-05-01 2.42
2008-06-01 2.47
2008-07-01 2.44
2008-08-01 2.21
2008-09-01 1.84
2008-10-01 1.06
2008-11-01 0.64
2008-12-01 0.25
2009-01-01 0.61
2009-02-01 1.12
2009-03-01 1.11
2009-04-01 1.36
2009-05-01 1.57
2009-06-01 1.86
2009-07-01 1.74
2009-08-01 1.82
2009-09-01 1.76
2009-10-01 1.91
2009-11-01 2.12
2009-12-01 2.23
2010-01-01 2.36
2010-02-01 2.27
2010-03-01 2.22
2010-04-01 2.35
2010-05-01 2.11
2010-06-01 1.94
2010-07-01 1.77
2010-08-01 1.68
2010-09-01 1.74
2010-10-01 2.01
2010-11-01 2.09
2010-12-01 2.25
2011-01-01 2.33
2011-02-01 2.34
2011-03-01 2.45
2011-04-01 2.60
2011-05-01 2.39
2011-06-01 2.24
2011-07-01 2.38
2011-08-01 2.16
2011-09-01 1.90
2011-10-01 1.96
2011-11-01 2.01
2011-12-01 2.01
2012-01-01 2.08
2012-02-01 2.22
2012-03-01 2.31
2012-04-01 2.26
2012-05-01 2.14
2012-06-01 2.12
2012-07-01 2.13
2012-08-01 2.27
2012-09-01 2.43
2012-10-01 2.50
2012-11-01 2.42
2012-12-01 2.48
2013-01-01 2.52
2013-02-01 2.55
2013-03-01 2.55
2013-04-01 2.41
2013-05-01 2.29
2013-06-01 2.05
2013-07-01 2.12
2013-08-01 2.19
2013-09-01 2.15
2013-10-01 2.19
2013-11-01 2.17
2013-12-01 2.16
2014-01-01 2.23
2014-02-01 2.16
2014-03-01 2.16
2014-04-01 2.17
2014-05-01 2.19
2014-06-01 2.23
2014-07-01 2.26
2014-08-01 2.20
2014-09-01 2.07
2014-10-01 1.92
2014-11-01 1.88
2014-12-01 1.70
2015-01-01 1.61
2015-02-01 1.72
2015-03-01 1.76
2015-04-01 1.86
2015-05-01 1.87
2015-06-01 1.86
2015-07-01 1.82
2015-08-01 1.61
2015-09-01 1.52
2015-10-01 1.50
2015-11-01 1.57
2015-12-01 1.51
2016-01-01 1.42
2016-02-01 1.31
2016-03-01 1.55
2016-04-01 1.62
2016-05-01 1.60
2016-06-01 1.47
2016-07-01 1.46
2016-08-01 1.47
2016-09-01 1.51
2016-10-01 1.66
2016-11-01 1.82
2016-12-01 1.93
2017-01-01 2.01
2017-02-01 2.02
2017-03-01 1.99
2017-04-01 1.91
2017-05-01 1.83
2017-06-01 1.73
2017-07-01 1.77
2017-08-01 1.78
2017-09-01 1.83
2017-10-01 1.86
2017-11-01 1.85
2017-12-01 1.90
2018-01-01 2.04
2018-02-01 2.10
2018-03-01 2.09
2018-04-01 2.13
2018-05-01 2.14
2018-06-01 2.12
2018-07-01 2.12
2018-08-01 2.10
2018-09-01 2.12
2018-10-01 2.11
2018-11-01 2.01
2018-12-01 1.81
2019-01-01 1.79
2019-02-01 1.88
2019-03-01 1.91
2019-04-01 1.94
2019-05-01 1.83
2019-06-01 1.70
2019-07-01 1.75
2019-08-01 1.59
2019-09-01 1.59
2019-10-01 1.56
2019-11-01 1.64
2019-12-01 1.72
2020-01-01 1.72
2020-02-01 1.62
2020-03-01 0.99
2020-04-01 1.10
2020-05-01 1.12
2020-06-01 1.27
2020-07-01 1.46
2020-08-01 1.66
2020-09-01 1.66
2020-10-01 1.70
2020-11-01 1.71
2020-12-01 1.92
2021-01-01 2.08
2021-02-01 2.18
2021-03-01 2.28
2021-04-01 2.35
2021-05-01 2.47
2021-06-01 2.34
2021-07-01 2.33
2021-08-01 2.35
2021-09-01 2.34
2021-10-01 2.53
2021-11-01 2.62
2021-12-01 2.46
2022-01-01 2.45
2022-02-01 2.46
2022-03-01 2.85
2022-04-01 2.88
2022-05-01 2.69
2022-06-01 2.62
2022-07-01 2.36
2022-08-01 2.51
2022-09-01 2.38
2022-10-01 2.39
2022-11-01 2.37
2022-12-01 2.26
2023-01-01 2.24
2023-02-01 2.33
2023-03-01 2.30
2023-04-01 2.27
2023-05-01 2.21
2023-06-01 2.20
2023-07-01 2.30
2023-08-01 2.34
2023-09-01 2.34
2023-10-01 2.39
2023-11-01 2.30
2023-12-01 2.18
2024-01-01 2.27
2024-02-01 2.28
2024-03-01 2.31
2024-04-01 2.39
2024-05-01 2.33
2024-06-01 2.26
2024-07-01 2.27
2024-08-01 2.11
2024-09-01 2.11
2024-10-01 2.29
2024-11-01 2.32
2024-12-01 2.30

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