Inflation & Prices
ECB Says Consumer Inflation Expectations Drop ‘Noticeably’
- Price growth for next 12 months seen at 3.2% in November
- Key measures are now at lowest level since February 2022
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Consumer expectations for euro-zone inflation fell to the lowest in more than 1 1/2 years in November — supporting markets’ view that interest-rate cuts by the European Central Bank could soon be in the offing.
Expectations for the next year “declined noticeably” to 3.2% from 4%, according to the ECB’s monthly survey, published Tuesday. For three years ahead, they eased to 2.2% from 2.5%.