MNI BRIEF: Consumer Inflation Outlook At Year High - ECB

Eurozone consumer inflation expectations rose in March to the highest levels in a year, a survey published on Tuesday by the European Central Bank showed.

Expectations for inflation over the next 12 months increased by 0.3 percentage points to 2.9%, the highest level since April 2024, while expectations for three years ahead edged up by 0.1 percentage points to 2.5%, the highest since March 2024. Expectations for inflation five years ahead, reported for the first time this month, were unchanged for the fourth consecutive month at 2.1%. 

Inflation over the previous 12 months was perceived at 3.1% in March. Data released by Eurostat showed year-on-year HICP at 2.2% that month. (See MNI ECB WATCH: ECB Cuts 25BP, Drops Restrictive Language )