Euro area households' inflation expectations for the short-term eased in June while they medium to longer term forecasts for price growth were unchanged, survey data from the European Central Bank showed on Tuesday.
Median expectations for inflation over the next 12 months decreased by 0.2 percentage points to 2.6 percent, results of the monthly ECB Consumer Expectations Survey, which is conducted online among 19,000 consumers, showed. This suggested that the increases in March and April were fully reversed in May and June.
Expectations for three years ahead were steady at 2.4 percent and those for five years ahead were unchanged at 2.1 percent for the seventh consecutive month.
by Jyotsna V
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