ECB Says Consumers’ Inflation Expectations Eased in June

Inflation expectations of euro-area consumers eased in June, the European Central Bank said.

Prices were seen rising 2.6% over the next 12 months, down from 2.8% in May, according to a monthly survey released Tuesday. That’s the level recorded at the start of the year — before threats of a full-blown trade war fueled concerns that inflation would rebound. Gauges for three years and five years ahead remained unchanged at 2.4% and 2.1%.