www.ecb.europa.eu
26 September 2025
- median consumer perceptions of inflation over the previous 12 months remained unchanged, as did median expectations for inflation three years ahead, while there was an increase in median inflation expectations for the next 12 months and a slight increase in median expectations for five years ahead;
- expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months were 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, while expectations for mortgage interest rates 12 months ahead remained stable.
Inflation
In August, the median rate of perceived inflation over the previous 12 months remained unchanged at 3.1% for the seventh consecutive month. Median expectations for inflation over the next 12 months…