Euro area consumers' inflation expectations for the one year ahead and those for the three-year horizon surged in March as crude oil price continue to rise due to the ongoing conflict in the Middle East, results of a monthly survey by the European Central Bank showed on Tuesday.
Median expectations for inflation for the next 12 months and those for the three years ahead climbed to 4.0 percent and 3.0 percent, respectively, from 2.5 percent in February, the ECB Consumer Expectations Survey showed. Medium term price growth expectations are well above the ECB's inflation target of 2.0 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.