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MNI BRIEF: Consumer Inflation Expectations Dip In April - ECB

(MNI) LONDON
(MNI) London

Latest ECB consumer survey looks at inflation expectations.

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Expectations for inflation over the next 12 months fell across the euro area to 2.9% in April, the lowest since September 2021 and down from 3.0% in March, the ECB's consumer expectations survey showed Tuesday.

Inflation expectations three years ahead edged down to 2.4%, from 2.5% in March, with the outlook at both the one-year and three-year horizons below consumers' perceived past inflation rate of 5.0%. Uncertainty about inflation expectations over the next 12 months remained unchanged, the survey showed.

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Expectations for inflation over the next 12 months fell across the euro area to 2.9% in April, the lowest since September 2021 and down from 3.0% in March, the ECB's consumer expectations survey showed Tuesday.

Inflation expectations three years ahead edged down to 2.4%, from 2.5% in March, with the outlook at both the one-year and three-year horizons below consumers' perceived past inflation rate of 5.0%. Uncertainty about inflation expectations over the next 12 months remained unchanged, the survey showed.

Keep reading...Show less