Consumer Inflation Expectations Drop in July
8 Articles
8 Articles
In July, the perception of inflation of European households, an indicator used by the ECB to monitor the secondary effects of inflation and the risks of a wage chase at price increases, was slightly relaxed. (ANSA)
The DAX closed the week higher. At the close of Xetra trading, the index stood at 26,137 points, a gain of 0.6 percent compared to the previous day's close. After a positive start, the DAX relinquished some of its gains by midday before continuing its upward trend in the afternoon. Consumer inflation expectations in Europe declined slightly in July. This was announced on Friday by the European Central Bank (ECB), citing a survey it commissioned…
Uncertainty about inflation expectations for the next twelve months remained in July, but remains "above the level prevailing before the start of the Middle East war," according to the ECB.
Eurozone consumers’ expectations for inflation over the next 12 months moderated slightly in July, when they dropped to 2.9% from 3%, according to the survey conducted by the European Central Bank (ECB) between 2 and 27 last month.
The survey carried out by the European Central Bank shows that the expectations of inflation by Eurozone consumers for the next 12 months and three years have fallen in the past.
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