12/7/2022, 10:23 AM (Source: TeleTrader)
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Inflation expectations for 12-month ahead to rise further - ECB

Consumer inflation expectations for the next 12 months continue to rise, with the median increasing from 5.1% to 5.4%, the European Central Bank revealed Wednesday in its October Consumer Expectations Survey.

The survey also revealed that consumers anticipate nominal income growth of 0.7% for the year ahead, up slightly from 0.6% in September, while expectations for nominal spending growth came in at 4.7%.

Finally, economic growth expectations for the next 12 months declined, while the survey forecasts an expansion in unemployment for the same period.

Baha Breaking News (BBN) / JG