Eurozone consumers’ 12-month inflation perception up in November

ISTANBUL

The eurozone’s consumer perception of inflation in the next 12 months rose from 2.5% in October to 2.6% in November, the European Central Bank (ECB) said Tuesday.

Inflation expectations for eurozone consumers for the next three years also climbed from 2.1% in October to 2.4% in November, the highest since last July.

The nominal income growth estimates of eurozone consumers for the next 12 months, meanwhile, remained unchanged at 1.1% in November.

At the same time, eurozone consumers’ economic growth estimates for the next 12 months fell from minus 1.1% in October to minus 1.3% in November, while the 12-month-ahead unemployment rate expectations rose from 10.4% to 10.6%.

“Consumers expected the price of their home to increase by 2.9% over the next 12 months, which was 0.1 percentage points more than in October,” according to the ECB.

As for the previous 12 months, consumers’ median expectations of inflation rose for the second consecutive month from 3.2% to 3.4% in November versus October.

The eurozone/euro area, or EA19, represents member states that use the bloc’s single currency, the euro, while the EU27 includes all member countries.

ISTANBUL

The eurozone’s consumer perception of inflation in the next 12 months rose from 2.5% in October to 2.6% in November, the European Central Bank (ECB) said Tuesday.

Inflation expectations for eurozone consumers for the next three years also climbed from 2.1% in October to 2.4% in November, the highest since last July.

The nominal income growth estimates of eurozone consumers for the next 12 months, meanwhile, remained unchanged at 1.1% in November.

“Consumers expected the price of their home to increase by 2.9% over the next 12 months, which was 0.1 percentage points more than in October,” according to the ECB.

As for the previous 12 months, consumers’ median expectations of inflation rose for the second consecutive month from 3.2% to 3.4% in November versus October.

The eurozone/euro area, or EA19, represents member states that use the bloc’s single currency, the euro, while the EU27 includes all member countries.