www.ecb.europa.eu
2 April 2024
- median consumer inflation perceptions over the previous 12 months and inflation expectations for the next 12 months decreased, while inflation expectations three years ahead remained unchanged;
- expectations for nominal income growth over the next 12 months increased, while expectations for nominal spending growth remained stable;
- expectations for economic growth over the next 12 months and the expected unemployment rate in 12 months’ time both remained unchanged;
- expectations for growth in the price of homes over the next 12 months increased, while expectations for mortgage interest rates 12 months ahead remained unchanged.
Inflation
The median rate of perceived inflation over the previous 12 months decreased further, for the fifth consecutive month, to 5.5%, from 6.0% in January. Median expectations for inflation over the next 12 months also decreased, to 3.1% from 3.3%. They are now at the lowest level since the start of Russia’s unjustified war…