www.ecb.europa.eu
5 September 2023
- median consumer inflation expectations for the next 12 months were unchanged, while those for three years ahead edged up;
- expectations for nominal income growth over the next 12 months declined slightly, but expectations for nominal spending growth remained unchanged;
- expectations for economic growth over the next 12 months became slightly more negative, however the expected unemployment rate in 12 months’ time was unchanged;
- expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead increased slightly; the share of respondents reporting that they applied for credit in the previous three months increased compared with April.
Inflation
The median rate of perceived inflation over the previous 12 months was unchanged at 8.0% for the third consecutive month. Median expectations for inflation over the next 12 months were also unchanged at 3.4%, while those for…