www.ecb.europa.eu
29 November 2024
- median consumer inflation perceptions over the previous 12 months declined, while consumer inflation expectations for the next 12 months edged up and those for three years ahead were unchanged;
- expectations for nominal income growth over the next 12 months decreased, while expectations for spending growth over the next 12 months increased;
- expectations for economic growth over the next 12 months became more negative, while the expected unemployment rate in 12 months’ time decreased;
- expectations for growth in the price of homes over the next 12 months remained stable, 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 October to 3.2%, from 3.4% in September. Perceptions of past inflation have thus declined by more than 5 percentage points from their peak of 8.4% in September 2023. Median expectations for inflation over…