Euro zone consumers cut inflation expectations in June
Tweet
Share
E-mail
A shopper pays with a ten Euro bank note at a local market in Nantes, France, September 17, 2024. REUTERS/Stephane Mahe
FRANKFURT, July 24 (Reuters) - Euro zone consumers cut their inflation expectations last month, likely encouraged by a truce in the Middle East that had brought down energy prices but proved short lived, a European Central Bank poll showed.
The median respondent in the ECB's Consumer Expectations Survey saw inflation over the following 12 months at 3.0% in June, down from 3.5% in May.
Expectations for inflation three years ahead declined to 2.8% from 2.9%. The view five years ahead was unchanged at 2.4%.
(Reporting by Francesco Canepa; Editing by Toby Chopra)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wall St futures rise after tech rout; Mideast, tariffs in focus
- Indian court says OpenAI did not violate news agency ANI's copyright
- US auto safety regulator denies petition seeking Tesla door-release defect probe
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
