ECB consumer survey shows 1 year inflation expectations rising to 2.9%

• 1 year inflation expectations rising to 2.9% vs 2.6% prior
• 3 year inflation expectations rising to 2.5% vs 2.4% prior
• 1 year growth expectations stable at -1.2%

The rising inflation expectations shouldn’t be surprising given the trade war. Tariffs are a stagflationary shock.

This article was written by Giuseppe Dellamotta at www.forexlive.com.