ECB consumer expectations survey shows inflation edging up slightly in the year ahead

Inflation expectations for the next 12 months is seen at 2.5% and that is up from the 2.4% reading in September. That said, it is still keeping well lower than the readings in July and August of 2.8% and 2.7% respectively. Meanwhile, inflation expectations for three years ahead is seen at 2.1% – unchanged from September.

For the full release, you can check out the ECB post here.

This article was written by Justin Low at www.forexlive.com.