www.ecb.europa.eu
29 July 2025
- median consumer perceptions of inflation over the previous 12 months remained unchanged, as did median expectations for inflation three and five years ahead, while median inflation expectations for one year ahead decreased;
- expectations for nominal income growth over the next 12 months remained unchanged, while expectations for spending growth over the next 12 months decreased;
- expectations for economic growth over the next 12 months became 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 decreased slightly, as did expectations for mortgage interest rates 12 months ahead.
Inflation
In June, the median rate of perceived inflation over the previous 12 months remained unchanged at 3.1% for the fifth consecutive month, its lowest level since September 2021. Meanwhile, median expectations for inflation over the next 12 months decreased by 0.2 percentage…