MNI BRIEF: Consumer Inflation Outlook Little Changed - ECB

Eurozone consumer inflation expectations for the year ahead picked up in October, though the longer-term outlook was unchanged, an ECB survey published Friday showed.

Median expectations for inflation over the next 12 months increased to 2.8%, from 2.7% in September. Expectations for inflation three years ahead were unchanged at 2.5%, as were inflation expectations for five years ahead, at 2.2%. 

Current inflation perceptions stood at 3.1% vs the actual figure reported by Eurostat of 2.1%. Governing Council members will conclude that the data shows no significant de-anchoring, but will continue to monitor consumers' short term views. (See MNI INTERVIEW:  EZ Consumers Resilient Through Trade Tensions)