Inflation & Prices
ECB Says Consumer Inflation Expectations Mixed in Revised Survey
- Outlook for next 12 months is lower; for three years, it’s up
- Results reflect expansion of poll to 11 countries from six
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Consumer inflation expectations in December offered mixed signals, according to the European Central Bank, which also expanded its monthly poll by almost doubling the number of countries it looks at.
Prices are seen rising by 3.2% over the next 12 months — the lowest level since February 2022 and down from 3.5% in November, the ECB said Tuesday. But for three years ahead, they’re expected to advance by 2.5% — up from 2.4% before.