Inflation & Prices
ECB Says Consumer Inflation Expectations Increased in September
- Price growth for next 12 months seen at 4%, up from 3.5%
- Officials set to keep rates on hold to return inflation to 2%
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Consumer expectations for euro-zone inflation over the next year rose “noticeably” in September, highlighting why the European Central Bank plans to keep interest rates elevated for an extended period.
Expectations for the next 12 months increased to 4% from 3.5%, while uncertainty about the outlook intensified, the ECB said Wednesday in its monthly survey. For three years ahead, however, they remained unchanged at 2.5%.