Euro zone consumers nudge up inflation expectations, ECB poll shows
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FILE PHOTO: Dark clouds are seen over the building of the European Central Bank (ECB) in Frankfurt, Germany, June 6, 2024. REUTERS/Wolfgang Rattay/File Photo
FRANKFURT, Sept 18 (Reuters) - Euro zone consumers nudged up their inflation expectations last month, a European Central Bank survey showed on Friday, likely reflecting a new spike in fuel prices caused by a deepening Iran conflict.
The median respondent in the ECB's Consumer Expectations Survey saw prices growing by 3.0% over the following 12 months, up from 2.9% in July.
The expectation for inflation three years ahead increased to 2.9% from 2.7% and the five-years-ahead forecast rose to 2.5% from 2.4%.
The ECB raised borrowing costs last week for the second time this year and sources told Reuters policymakers expect further policy tightening in the months ahead.
(Reporting by Francesco Canepa; Editing by Toby Chopra)
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