Euro zone consumers see inflation above ECB's target for years
© Reuters. FILE PHOTO: A shopping trolley is seen as customers shop at a Carrefour supermarket in Montesson near Paris, France, September 13, 2023. REUTERS/Sarah Meyssonnier/File Photo
FRANKFURT - Euro zone households see inflation staying slightly above the European Central Bank's 2% target for another three years, an ECB survey showed on Wednesday, in a possible headache for rate-setters fighting for their credibility. The ECB's latest Consumer Expectation Survey, carried out in August, showed the median respondent thought inflation would be 2.5% three years later, up from 2.4% in the previous survey round a month earlier.
Consumers were also asked about their inkling for inflation in following 12 months, which showed a slight increase to 3.5% from 3.4% in July.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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