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Title:               20-year Breakeven Inflation Rate
Series ID:           T20YIEM
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:          2004-07-01 to 2024-04-01
Last Updated:        2024-05-01 4:01 PM CDT
Notes:               The breakeven inflation rate represents a measure of expected
                     inflation derived from 20-Year Treasury Constant Maturity Securities
                     (BC_20YEARM) and 20-Year Treasury Inflation-Indexed Constant Maturity
                     Securities (TC_20YEARM). The latest value implies what market
                     participants expect inflation to be in the next 20 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).

DATE       VALUE
2004-07-01  2.80
2004-08-01  2.84
2004-09-01  2.73
2004-10-01  2.72
2004-11-01  2.80
2004-12-01  2.86
2005-01-01  2.79
2005-02-01  2.76
2005-03-01  2.94
2005-04-01  2.88
2005-05-01  2.74
2005-06-01  2.55
2005-07-01  2.48
2005-08-01  2.51
2005-09-01  2.58
2005-10-01  2.65
2005-11-01  2.67
2005-12-01  2.59
2006-01-01  2.60
2006-02-01  2.72
2006-03-01  2.74
2006-04-01  2.79
2006-05-01  2.87
2006-06-01  2.75
2006-07-01  2.73
2006-08-01  2.77
2006-09-01  2.62
2006-10-01  2.56
2006-11-01  2.55
2006-12-01  2.52
2007-01-01  2.53
2007-02-01  2.55
2007-03-01  2.54
2007-04-01  2.60
2007-05-01  2.53
2007-06-01  2.62
2007-07-01  2.57
2007-08-01  2.53
2007-09-01  2.54
2007-10-01  2.57
2007-11-01  2.57
2007-12-01  2.49
2008-01-01  2.54
2008-02-01  2.62
2008-03-01  2.60
2008-04-01  2.53
2008-05-01  2.60
2008-06-01  2.55
2008-07-01  2.53
2008-08-01  2.38
2008-09-01  2.07
2008-10-01  1.58
2008-11-01  1.27
2008-12-01  0.86
2009-01-01  1.00
2009-02-01  1.52
2009-03-01  1.52
2009-04-01  1.62
2009-05-01  1.86
2009-06-01  2.15
2009-07-01  2.07
2009-08-01  2.11
2009-09-01  2.01
2009-10-01  2.12
2009-11-01  2.34
2009-12-01  2.41
2010-01-01  2.50
2010-02-01  2.45
2010-03-01  2.51
2010-04-01  2.63
2010-05-01  2.39
2010-06-01  2.26
2010-07-01  2.00
2010-08-01  1.87
2010-09-01  1.89
2010-10-01  2.20
2010-11-01  2.38
2010-12-01  2.50
2011-01-01  2.58
2011-02-01  2.57
2011-03-01  2.69
2011-04-01  2.80
2011-05-01  2.54
2011-06-01  2.38
2011-07-01  2.59
2011-08-01  2.43
2011-09-01  2.14
2011-10-01  2.15
2011-11-01  2.17
2011-12-01  2.11
2012-01-01  2.19
2012-02-01  2.30
2012-03-01  2.38
2012-04-01  2.32
2012-05-01  2.09
2012-06-01  2.21
2012-07-01  2.23
2012-08-01  2.34
2012-09-01  2.47
2012-10-01  2.52
2012-11-01  2.45
2012-12-01  2.47
2013-01-01  2.48
2013-02-01  2.59
2013-03-01  2.59
2013-04-01  2.48
2013-05-01  2.38
2013-06-01  2.09
2013-07-01  2.22
2013-08-01  2.33
2013-09-01  2.31
2013-10-01  2.33
2013-11-01  2.30
2013-12-01  2.31
2014-01-01  2.35
2014-02-01  2.26
2014-03-01  2.30
2014-04-01  2.29
2014-05-01  2.30
2014-06-01  2.31
2014-07-01  2.35
2014-08-01  2.30
2014-09-01  2.20
2014-10-01  2.03
2014-11-01  1.99
2014-12-01  1.82
2015-01-01  1.70
2015-02-01  1.82
2015-03-01  1.86
2015-04-01  1.91
2015-05-01  1.99
2015-06-01  1.96
2015-07-01  1.90
2015-08-01  1.68
2015-09-01  1.61
2015-10-01  1.52
2015-11-01  1.66
2015-12-01  1.55
2016-01-01  1.44
2016-02-01  1.35
2016-03-01  1.55
2016-04-01  1.61
2016-05-01  1.58
2016-06-01  1.39
2016-07-01  1.40
2016-08-01  1.46
2016-09-01  1.55
2016-10-01  1.68
2016-11-01  1.85
2016-12-01  1.95
2017-01-01  2.01
2017-02-01  2.03
2017-03-01  2.04
2017-04-01  1.95
2017-05-01  1.90
2017-06-01  1.79
2017-07-01  1.81
2017-08-01  1.81
2017-09-01  1.86
2017-10-01  1.88
2017-11-01  1.88
2017-12-01  1.92
2018-01-01  2.04
2018-02-01  2.13
2018-03-01  2.08
2018-04-01  2.11
2018-05-01  2.13
2018-06-01  2.11
2018-07-01  2.10
2018-08-01  2.11
2018-09-01  2.13
2018-10-01  2.13
2018-11-01  2.06
2018-12-01  1.87
2019-01-01  1.82
2019-02-01  1.91
2019-03-01  1.95
2019-04-01  1.97
2019-05-01  1.88
2019-06-01  1.77
2019-07-01  1.82
2019-08-01  1.66
2019-09-01  1.65
2019-10-01  1.64
2019-11-01  1.76
2019-12-01  1.81
2020-01-01  1.81
2020-02-01  1.69
2020-03-01  1.23
2020-04-01  1.34
2020-05-01  1.38
2020-06-01  1.55
2020-07-01  1.61
2020-08-01  1.76
2020-09-01  1.80
2020-10-01  1.85
2020-11-01  1.84
2020-12-01  2.01
2021-01-01  2.16
2021-02-01  2.23
2021-03-01  2.38
2021-04-01  2.40
2021-05-01  2.49
2021-06-01  2.43
2021-07-01  2.39
2021-08-01  2.39
2021-09-01  2.38
2021-10-01  2.54
2021-11-01  2.60
2021-12-01  2.51
2022-01-01  2.46
2022-02-01  2.44
2022-03-01  2.81
2022-04-01  2.86
2022-05-01  2.79
2022-06-01  2.78
2022-07-01  2.60
2022-08-01  2.70
2022-09-01  2.61
2022-10-01  2.64
2022-11-01  2.67
2022-12-01  2.50
2023-01-01  2.46
2023-02-01  2.49
2023-03-01  2.51
2023-04-01  2.47
2023-05-01  2.48
2023-06-01  2.48
2023-07-01  2.55
2023-08-01  2.58
2023-09-01  2.58
2023-10-01  2.68
2023-11-01  2.61
2023-12-01  2.42
2024-01-01  2.47
2024-02-01  2.45
2024-03-01  2.45
2024-04-01  2.53