Table A1.
Summary statistics.
| Average | StandardDeviation | 25thPercentile | Median | 75thPercentile | Obs. | Ids. | |
|---|---|---|---|---|---|---|---|
| Full Sample | |||||||
| 1 year inflation expectations | 3.28 | 3.83 | 1.11 | 2.74 | 4.47 | 53,250 | 8410 |
| 3 year inflation expectations | 3.29 | 3.94 | 1.00 | 2.75 | 4.79 | 53,320 | 8437 |
| 1 year inflation uncertainty | 4.27 | 4.30 | 1.17 | 2.29 | 5.38 | 53,036 | 8416 |
| 3 year inflation uncertainty | 4.33 | 4.28 | 1.19 | 2.34 | 5.50 | 53,150 | 8447 |
| 1 year inflation disagreement | 3.57 | 1.76 | 2.38 | 3.26 | 4.32 | 1286 | |
| 3 year inflation disagreement | 3.75 | 1.63 | 2.74 | 3.55 | 4.50 | 1287 | |
| Pre-pandemic | |||||||
| 1 year inflation expectations | 3.23 | 3.62 | 1.19 | 2.73 | 4.29 | 46,872 | 7516 |
| 3 year inflation expectations | 3.29 | 3.86 | 1.00 | 2.78 | 4.74 | 46,919 | 7541 |
| 1 year inflation uncertainty | 4.18 | 4.27 | 1.17 | 2.19 | 5.22 | 46,644 | 7514 |
| 3 year inflation uncertainty | 4.28 | 4.27 | 1.17 | 2.34 | 5.41 | 46,725 | 7547 |
| 1 year inflation disagreement | 3.28 | 1.43 | 2.29 | 3.07 | 4.00 | 1113 | |
| 3 year inflation disagreement | 3.65 | 1.57 | 2.68 | 3.49 | 4.40 | 1114 | |
| Pandemic | |||||||
| 1 year inflation expectations | 3.64 | 5.07 | 0.71 | 2.79 | 5.92 | 6378 | 2063 |
| 3 year inflation expectations | 3.31 | 4.49 | 1.00 | 2.61 | 5.17 | 6401 | 2069 |
| 1 year inflation uncertainty | 4.93 | 4.42 | 1.69 | 3.07 | 6.87 | 6392 | 2066 |
| 3 year inflation uncertainty | 4.65 | 4.28 | 1.52 | 2.76 | 6.29 | 6425 | 2077 |
| 1 year inflation disagreement | 5.40 | 2.45 | 3.75 | 5.00 | 6.39 | 173 | |
| 3 year inflation disagreement | 4.37 | 1.91 | 3.13 | 4.08 | 5.00 | 173 | |
| Age > 40 | 0.70 | 55,303 | 8672 | ||||
| Female | 0.48 | 55,303 | 8683 | ||||
| Has kids | 0.30 | 55,303 | 8683 | ||||
| White | 0.85 | 55,303 | 8683 | ||||
| College | 0.56 | 55,303 | 8682 | ||||
| Income ≥ $60k | 0.55 | 55,303 | 8683 | ||||
| High numeracy | 0.73 | 55,303 | 8683 |
Notes: The table shows summary statistics for the inflation beliefs and demographic variables. The sample consists of individual survey responses covering the period from January 1, 2017 through August 31, 2020. “Obs.” is the number of person-day observations, except for inflation disagreement, where the number of observations is the number of day observations. “Ids.” is the number of individuals. The inflation beliefs data are trimmed biweekly at the top and bottom 2% to remove outliers. The demographic covariates are dummy variables for being greater than 40 years old, female, residing in a household with children under 18 years old, white, education level of bachelor's degree or higher, household income greater than or equal to $60,000, and high numeracy. High numeracy is defined as correctly answering at least 4 out of 5 financial literacy questions.