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MNI BRIEF: EZ Consumer 3-Yr Inflation Expectations Inch Higher

(MNI) London

Euro area consumer inflation expectations for the next 12 months were unchanged at 3.4% in July, the latest ECB survey showed, while expectations for three years ahead edged modestly higher.

The outlook for price changes three years ahead edged up to 2.4%, from 2.3% in June, but they still remain well below the perceived past inflation rate, particularly at the three-year horizon. Uncertainty about inflation expectations over the next 12 months was unchanged for the second consecutive month, the Consumer Expectations Survey showed.

Expectations for nominal income growth over the next 12 months declined slightly, but expectations for nominal spending growth remained unchanged.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
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