www.ecb.europa.eu
5 December 2023
- median consumer inflation expectations for the next 12 months and for three years ahead remained unchanged;
- expectations for nominal income growth over the next 12 months and expectations for nominal spending growth decreased slightly;
- expectations for economic growth over the next 12 months became marginally more negative, while the expected unemployment rate in 12 months’ time remained unchanged;
- expectations for growth in the price of homes over the next 12 months decreased, while expectations for mortgage interest rates 12 months ahead remained unchanged.
Inflation
The median rate of perceived inflation over the previous 12 months decreased to 7.8%, from 8.0% in September. Median expectations for inflation over the next 12 months remained unchanged at 4.0%, and those for inflation three years ahead also remained unchanged, at 2.5%. Inflation expectations, particularly at the three-year horizon, remained well below the perceived past…