Euro-Area Consumer Inflation Expectations Fell to 3% in June
Updated
Updated · Bloomberg · Jul 24
Euro-Area Consumer Inflation Expectations Fell to 3% in June
3 articles · Updated · Bloomberg · Jul 24
Summary
Euro-area consumers saw prices rising 3% over the next year in June, down sharply from 3.5% in May, according to the ECB’s monthly survey.
The three-year inflation expectations gauge — more important for monetary policy — edged down to 2.8% from 2.9%, reinforcing signs of easing price pressures.
Those readings were collected before a fresh Middle East flareup triggered an oil-price spike, leaving open whether energy costs could lift expectations again in later surveys.