www.ecb.europa.eu
25 October 2024
- median consumer inflation perceptions over the previous 12 months and consumer inflation expectations for the next 12 months and for three years ahead all declined;
- expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months remained unchanged;
- expectations for economic growth over the next 12 months were unchanged, while the expected unemployment rate in 12 months’ time increased;
- expectations for growth in the price of homes over the next 12 months increased slightly, while expectations for mortgage interest rates 12 months ahead declined slightly.
Inflation
The median rate of perceived inflation over the previous 12 months declined further in September to 3.4%, from 3.9% in August. Perceptions of past inflation have thus declined by 5.0 percentage points since their peak of 8.4% in September 2023. Median expectations for inflation over the next 12 months declined to…