www.ecb.europa.eu
23 August 2024
- median consumer inflation perceptions over the previous 12 months declined noticeably, while median inflation expectations for the next 12 months remained unchanged and those for three years ahead edged up;
- expectations for nominal income over the next 12 months and spending growth over the next 12 months decreased;
- expectations for economic growth over the next 12 months became 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 slightly, while expectations for mortgage interest rates 12 months ahead remained unchanged.
Inflation
The median rate of perceived inflation over the previous 12 months declined noticeably in July to 4.1%, from 4.5% in June. Meanwhile, inflation expectations at the one-year and three-year horizons remained below the perceived past inflation rate. Median expectations for inflation over the next 12 months…