MNI BRIEF: Eurozone Oct Consumer Inflation Expectations Steady
After consecutive months of higher expectations, consumer price otlook flatlines in latest ECB survey.
Euro area consumer price inflation expectations were unchanged in October, with both the 12-month ahead and three-year ahead readings unchanged on the previous period.
Consumers saw inflation 12 months ahead at 4.0%, unchanged on last month, but up from 3.5% as recently as August. The longer-term three-year reading saw prices at 2.5%, unchanged for a third consecutive month.
The October survey was completed before Eurostat released data showing annual inflation fell to 2.9% that month. It fell further to 2.4% in November. (See MNI SOURCES: Market Pricing For Cut Prompts ECB Jawboning)