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MNI BRIEF: Rejigged Inflation Expectations Mixed - ECB

(MNI) LONDON
(MNI) London

Inflation outlook mixed as five countries added to ECB consumer expectations survey.

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Consumer inflation expectations were mixed in the ECB's latest consumer expectations survey, with the one-year ahead outcome a touch lower and the three-year horizon outlook slightly higher.

The survey, which was rejigged and expanded for the December read and now includes five additional countries for a total of 11, saw the one-year ahead outlook fall to 3.2% from 3.5% in November (the five-country read for December was 3.1% from 3.2%), while the three-year expectation saw a modest uptick to 2.5% from 2.4% (December 2.4% from 2.2% for six countries). The ECB will publish full six-nation comparion data just after 10CET Tuesday. (See MNI INTERVIEW: Beware Temporary Inflation Dip- ECB's Kazaks)

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Consumer inflation expectations were mixed in the ECB's latest consumer expectations survey, with the one-year ahead outcome a touch lower and the three-year horizon outlook slightly higher.

The survey, which was rejigged and expanded for the December read and now includes five additional countries for a total of 11, saw the one-year ahead outlook fall to 3.2% from 3.5% in November (the five-country read for December was 3.1% from 3.2%), while the three-year expectation saw a modest uptick to 2.5% from 2.4% (December 2.4% from 2.2% for six countries). The ECB will publish full six-nation comparion data just after 10CET Tuesday. (See MNI INTERVIEW: Beware Temporary Inflation Dip- ECB's Kazaks)

Keep reading...Show less