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<Econ> Eurozone Mar Inflation Expectations Surge Sharply; Wage Growth Outlook Unchanged
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Eurozone households expect inflation over the next year to be well above levels seen before the outbreak of the Middle East conflict. According to a European Central Bank survey conducted between March 5 and March 30 covering 19,000 adults, consumers expect prices to rise by 4% over the next 12 months, a sharp increase from the 2.5% expected in February. Although the surge in expected inflation to twice the European Central Banks target will concern rate policymakers, other survey findings were more reassuring. Households expect inflation three years ahead to be 3%, below the currently perceived rate of 3.5% but higher than the 2.5% projected in February. The survey also found that households expect income growth of 1.2% over the next 12 months, unchanged from Februarys survey results, indicating that workers do not anticipate stronger wage growth to offset rising energy costs. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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