ECB Survey Shows Rise in September Inflation Perception

Consumer inflation perception in the euro area rose to 3.6% in September. The previous figure recorded in August was 3.5%. Expectations for the next twelve months also advanced from 3.0% to 3.1%.

The long-term outlook remained stable. Inflation projections for three years held at 2.9%. For the five-year horizon, the index stayed at 2.5%. Uncertainty regarding future prices remains above the levels observed before the conflict in the Middle East.

Pessimism regarding economic activity increased during the period. The growth expectation for the next year fell from -1.2% to -1.5%. At the same time, the projected unemployment rate for the next twelve months rose from 11.0% to 11.3%.

Consumers expect nominal income growth of 1.1% for the coming year. Predicted nominal spending also saw a slight increase, moving from 3.6% to 3.7%. Expectations for mortgage interest rates remained unchanged compared to the previous month.