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MNI BRIEF: Consumer Inflation Expectations Falling Fast - ECB

(MNI) LONDON
(MNI) London

Eurozone consumer inflation expectations cool sharply in November, the latest ECB survey shows.

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Consumer inflation expectations across the eurozone cooled markedly in November, with the outlook for 12 months ahead dropping to 3.2% from 4.0% in October, the latest European Central Bank survey showed on Tuesday.

Expectations three years ahead slowed to 2.2% from 2.5%. The published inflation rate at the time of the survey was 2.9%, before dipping to 2.4% in the November print.

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Consumer inflation expectations across the eurozone cooled markedly in November, with the outlook for 12 months ahead dropping to 3.2% from 4.0% in October, the latest European Central Bank survey showed on Tuesday.

Expectations three years ahead slowed to 2.2% from 2.5%. The published inflation rate at the time of the survey was 2.9%, before dipping to 2.4% in the November print.

Keep reading...Show less