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1-Year Consumer Inflation Expectations Edge Down Slightly, But 3 Year Steady

EUROZONE DATA
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Eurozone consumer inflation expectations for the 1-year ahead horizon edged down slightly to +3.0% Y/Y (from +3.1% Y/Y prior), whilst over the 3-years ahead it remained unchanged in March at +2.5% as measured by the ECB's CES survey, although on a 3-year horizon it remains above consensus from the 2/3 economists surveyed by Bloomberg who expected +2.4% Y/Y.

  • Expectations for nominal spending growth over the next 12 months slightly decreased to +3.6% ( from +3.7% in February).
  • Consumer expectations for nominal income growth also slightly decreased to +1.3% from +1.4% in February.

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Eurozone consumer inflation expectations for the 1-year ahead horizon edged down slightly to +3.0% Y/Y (from +3.1% Y/Y prior), whilst over the 3-years ahead it remained unchanged in March at +2.5% as measured by the ECB's CES survey, although on a 3-year horizon it remains above consensus from the 2/3 economists surveyed by Bloomberg who expected +2.4% Y/Y.

  • Expectations for nominal spending growth over the next 12 months slightly decreased to +3.6% ( from +3.7% in February).
  • Consumer expectations for nominal income growth also slightly decreased to +1.3% from +1.4% in February.