www.ecb.europa.eu
11 October 2023
- median consumer inflation expectations for the next 12 months and those for three years ahead increased marginally;
- expectations for nominal income growth over the next 12 months increased slightly, but expectations for nominal spending growth declined somewhat;
- expectations for economic growth over the next 12 months became slightly more negative and the expected unemployment rate in 12 months’ time increased marginally;
- expectations for growth in the price of homes over the next 12 months slightly increased, and expectations for mortgage interest rates 12 months ahead rose marginally.
Inflation
The median rate of perceived inflation over the previous 12 months edged down to 7.9% from 8.0%. Median expectations for inflation over the next 12 months edged up to 3.5%, from 3.4%, and those for inflation three years ahead edged up (for the second consecutive month) to 2.5%, from 2.4% in July. Inflation expectations remained well below the perceived…