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MNI BRIEF: Rejigged Inflation Expectations Mixed - ECB

(MNI) London

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)

The survey now includes Ireland, Greece, Austria, Portugal and Finland. Its January results will be published on Feb 23, as the ECB further reduces the lag time between survey and release.

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

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