www.ecb.europa.eu
16 January 2024
- median consumer inflation expectations for the next 12 months and for three years ahead declined noticeably;
- expectations for nominal income growth over the next 12 months increased slightly, while expectations for nominal spending growth decreased further;
- expectations for economic growth over the next 12 months became slightly less negative, while the expected unemployment rate in 12 months’ time decreased;
- expectations for growth in the price of homes over the next 12 months increased slightly, while expectations for mortgage interest rates 12 months ahead decreased slightly.
Inflation
The median rate of perceived inflation over the previous 12 months decreased noticeably to 7.0%, from 7.8% in October. Median expectations for inflation over the next 12 months also declined, to 3.2% from 4.0%, as did those for inflation three years ahead – to 2.2% from 2.5%. Inflation expectations, both at the one-year and three-year horizons, declined to…