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Euro-area consumer inflation expectations rise to 3.1% for next year

Bloomberg ·
Euro-area consumer inflation expectations rise to 3.1% for next year
  • Euro-area consumer one-year inflation expectations rose to 3.1% in September from 3% in August, per an ECB monthly poll released Friday.
  • The three-year inflation expectations gauge, which the ECB treats as more important for setting monetary policy, held steady at 2.9%.
  • The five-year expectations gauge was unchanged at 2.5%.
  • The uptick supports expectations that the ECB will keep raising borrowing costs.

Quotes

“Consumer prices were seen rising 3.1% over the next year, up from 3% in August”— Bloomberg

Sources