The table below highlights the inflation expectations, with the year-ahead response being unchanged at 2.6%:
Overall, that’s still much higher than the ECB target of 2%. So, there’s definitely caution to be had as the fall in inflation expectations begin to hit a bit of a floor for now.
In terms of the qualitative response, 84.8% of respondents see prices going up in the next 12 months. That’s the highest share of respondents since April.
The full results can be found here.
This article was written by Justin Low at investinglive.com.