www.ecb.europa.eu
26 July 2024
- median consumer inflation perceptions over the previous 12 months declined noticeably, while median inflation expectations for the next 12 months and for three years ahead remained unchanged;
- expectations for nominal income over the next 12 months increased, while spending growth expectations over the next 12 months remained unchanged;
- expectations for economic growth over the next 12 months became more negative, while the expected unemployment rate in 12 months’ time decreased;
- expectations for growth in the price of homes over the next 12 months increased slightly, while expectations for mortgage interest rates 12 months ahead edged down.
Inflation
The median rate of perceived inflation over the previous 12 months declined noticeably in June to 4.5%, from 4.9% in May. Meanwhile, median expectations for inflation over the next 12 months remained unchanged at 2.8%, after having fallen in May to their lowest level since September 2021. Median expectations…