www.ecb.europa.eu
28 May 2024
- median consumer inflation perceptions over the previous 12 months were unchanged, while median inflation expectations for the next 12 months and for three years ahead both edged down;
- expectations for nominal income growth and nominal spending growth over the next 12 months remained stable;
- expectations for economic growth over the next 12 months became less negative, while the expected unemployment rate in 12 months’ time was higher;
- expectations for growth in the price of homes over the next 12 months increased, while expectations for mortgage interest rates 12 months ahead remained unchanged.
Inflation
The median rate of perceived inflation over the previous 12 months was unchanged at 5.0%. Median expectations for inflation over the next 12 months edged down to 2.9%, from 3.0% in March. They are now at their lowest level since September 2021. At the same time, median expectations for inflation three years ahead edged down to 2.4%, from 2.5% in…