Business
Eurozone Household Inflation Expectations Cooled in May
Eurozone households’ inflation expectations for the year ahead fell back in May, as consumers reacted to easing tensions in the Middle East, likely reassuring European Central Bank policymakers who fear an uncontrolled rise in price pressures.
Consumers say they expect prices to rise by 3.5% over the next 12 months, down from 4.0% in April, according to an ECB survey of 19,000 adults from 11 eurozone countries published on Friday. The survey was conducted between May 7 and June 1, before news of the tentative agreement between the U.S. and Iran to end the fighting.
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