Eurozone Consumers Raise Inflation Expectations Across All Horizons: ECB

Consumers in the eurozone have raised their inflation expectations across all time horizons, according to a survey cited by the European Central Bank (ECB) and reported by Anadolu Agency.

The survey found that respondents' median expectation for inflation over the next 12 months rose to 3%, the ECB said, according to the report.

Expectations for inflation over a three-year horizon also increased, climbing to 2.9%, the survey showed.

Longer-term expectations were similarly higher, with consumers projecting inflation of 2.5% over a five-year horizon, according to the figures cited in the report.

The ECB conducts regular consumer expectations surveys to gauge how households perceive future price developments, which can inform the central bank's monetary policy decisions.

Anadolu Agency did not provide further details on the methodology or timing of the survey in the excerpt reviewed.