The latest survey of consumer expectations for inflation, conducted by the European Central Bank (ECB) on a monthly basis, reveals that inflation expectations among Eurozone consumers decreased significantly in April.

Additional takeaways

“Economic growth expectations for the next 12 months at -0.8% in April vs -1.0% in March.”

“Consumers expect nominal incomes to rise more slowly over the next 12 months.”

“Median expectations for inflation over the next 12 months fell to 4.1% in April from 5.0% in March.”

“Expectations for inflation 3 years ahead fell to 2.5% from 2.9%.”