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MNI BRIEF: Eurozone Consumer Inflation Expectations Jump

(MNI) London

Consumer price inflation expectations across the eurozone for the next 12 months picked up sharply in September, even as actual headline rates declined to near 2-year lows, a leading survey published Wednesday showed.

The ECB's monthly Consumer Expectations Survey showed the outlook for prices over the coming 12 months rising to 4.0% in September, up from 3.5% in August. However, the outlook for prices three years ahead was unchanged at 2.5%, the survey showed. In September, actual headline HICP inflation slowed to 4.3%, the lowest in two years. (See MNI INTERVIEW: ECB Should Hold Until At Least Spring-Vujcic)

ECB policymakers will eye the pick-up in near-term expectations nervously, but there will be some relief that the longer-term outlook for consumers remains anchored around 2.5% for now.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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