Euro zone consumers cut inflation expectations in June
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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)
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