Euro area consumers see lower near-term inflation expectations - ECB survey ...Middle East

Median rate of perceived inflation over the previous 12 months was 6.9% (previously 7.6%)Median expectations for inflation over the next 12 months was 3.2% (previously 3.5%)Consumer expectations for nominal income growth seen at 1.2% (unchanged)Expectations for nominal spending growth over the next 12 months seen at 3.6% (unchanged)The takeaway from this is that inflation expectations are at least softening and that is a helpful development for the ECB. Of note, the expectations at the one-year horizon are the lowest since February 2022. However, the uncertainty about inflation expectations for the year ahead remained unchanged. This article was written by Justin Low at www.

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