- Analytics
- News and Tools
- Market News
- ECB Survey: European consumers see inflation in next 12 months at 5%.
ECB Survey: European consumers see inflation in next 12 months at 5%.
The European Central Bank (ECB) conducted a survey of consumer expectations for inflation, with the key results noted below.
Perceived inflation over the previous 12 months continued to increase, with the median rate now standing at 7.9%, up from 7.2% in June.
Compared to June, consumer expectations for inflation over the next 12 months remained unchanged at 5%, while those for inflation three years ahead rose.
Consumers see inflation in 3 years at 3% vs 2.8% in June.
Consumers again slightly lowered their expectations for the growth in price of their homes over the next 12 months to 3.2%.
Expectations for mortgage interest rates 12 months ahead continued to drift up to 4.3% and now stand 1.0% higher than at the beginning of 2022.
Expectations declined for economic growth over the next 12 months and rose for unemployment in 12 months’ time.
Market reaction
The above survey findings have little to no impact on the shared currency, as EUR/USD consolidates its rebound around 0.9975 ahead of the critical US NFP report. The pair is up 0.32% on a daily basis.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
