Market news
23.02.2024, 09:12

ECB Survey: Consumers see inflation higher for year ahead at 3.3% in January

Inflation expectations among Eurozone consumers edged higher from 3.2% in December to 3.3% in January for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Friday.

Additional takeaways

“Median expectations for inflation over the next 12 months rose to 3.3% in January from 3.2% December, while expectations for three years ahead remained unchanged at 2.5%.”

“The survey showed that expectations for nominal income growth remained unchanged at 1.2%, but consumers persistently underestimate wage growth and the ECB expects compensation per employee to rise by 4.6% this year.”

Market reaction

At the press time, EUR/USD is holding steady near 1.0821, despite rising inflation expectations.

Euro price today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   0.01% -0.01% 0.10% -0.04% 0.13% 0.13% 0.13%
EUR 0.00%   0.00% 0.11% -0.03% 0.14% 0.12% 0.12%
GBP 0.02% 0.03%   0.13% -0.02% 0.17% 0.14% 0.13%
CAD -0.10% -0.08% -0.13%   -0.15% 0.04% 0.01% 0.01%
AUD 0.04% 0.06% 0.01% 0.14%   0.18% 0.17% 0.13%
JPY -0.15% -0.11% -0.14% -0.02% -0.18%   -0.02% -0.03%
NZD -0.13% -0.11% -0.13% -0.01% -0.15% 0.03%   0.01%
CHF -0.11% -0.10% -0.13% -0.01% -0.15% 0.02% 0.01%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

 

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