Inflation & Prices
ECB Says Consumer Inflation Expectations Rose Slightly
- Price gains three years ahead seen at 2.5%, up from 2.4%
- Officials are expected to keep interest rates on hold for now
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Consumer expectations for euro-area inflation increased marginally in August — reinforcing the notion that it’s too soon for the European Central Bank to declare victory over rising prices.
Expectations for the next 12 months edged up to 3.5% from 3.4%, the ECB said Wednesday in its monthly survey. For three years ahead, they advanced to 2.5% from 2.4%.