Methodology

Expected Inflation Survey

The following question is asked to the same group of people that is surveyed for the Consumer Confidence Index:

Comparing the present prices with the prices one year from now, around which percentage would you expect that the prices rise, on average, in the next twelve months?

Besides a set of verifications aimed at checking the consistency of the answers (according to the methodology applied by the University of Michigan), as usual in this cases, the sample is truncated (from the percentile 95) in order to remove outliers, that is to say, data that reflects the impossibility of the one that is being surveyed to adapt his or her answer to the scale required by the question.