www.ecb.europa.eu
8 November 2023
- median consumer inflation expectations for the next 12 months increased noticeably, while expectations for three years ahead remained unchanged;
- expectations for nominal income growth over the next 12 months remained unchanged, but expectations for nominal spending growth increased slightly;
- expectations for economic growth over the next 12 months became more negative and the expected unemployment rate in 12 months’ time increased;
- expectations for growth in the price of homes over the next 12 months decreased slightly, and expectations for mortgage interest rates 12 months ahead rose noticeably to a new high.
Inflation
The median rate of perceived inflation over the previous 12 months edged up to 8.0% from 7.9%. Median expectations for inflation over the next 12 months increased noticeably to 4.0%, from 3.5% in August and 3.4% in July, while those for inflation three years ahead remained unchanged at 2.5%. Inflation expectations, particularly at…