Inflation expectations among Eurozone consumers declined from 3.0% in March to 2.9% in April for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Tuesday.
Additional takeaways
“The year ahead inflation expectations hit the lowest level since September 2021. “
“Expectations for inflation three years out slipped to 2.4% from 2.5%, still far above the ECB's 2% target.”
"Younger respondents continued to report lower inflation expectations than older respondents, although there was a convergence of inflation perceptions across age groups."
“Income expectations remained unchanged while consumers were also less pessimistic about growth, predicting a 0.8% contraction in the next year versus a 1.1% drop seen a month earlier.”
“They also expected only a slight increase in unemployment, implying a broadly stable labor market
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