A recent survey by the European Central Bank (ECB) conducted in September reveals that consumers anticipate an inflation rate of 2.5% over the next three years and 2.2% over the next five years, consistent with previous predictions.
Eurozone consumers perceived an inflation rate of 3.1% in September, marking the eighth consecutive month of stability in this figure.
The year-on-year inflation rate in the eurozone increased to 2.2% in September, a rise of two-tenths from August.
The uncertainty surrounding inflation expectations for the coming twelve months remained unchanged in August, according to the ECB.
Consumers in the eurozone foresee a contraction of 1.2% in the region’s economy over the next twelve months, identical to the forecast made in August.
Similarly, they expect the unemployment rate in the eurozone to hold at 10.7% over the next twelve months, again mirroring the previous month’s survey.
Overall, consumers predict that the labor market will remain stable in the eurozone.
