ECB Survey Finds Euro-Area 12-Month Inflation Outlook Eases to 2.6%

Euro-area households trimmed their short-term inflation outlook in June, according to the European Central Bank’s latest Consumer Expectations Survey. Respondents now see prices rising 2.6% over the next 12 months, down from 2.8% in May. Expectations for longer horizons were steady. Median projected inflation for three and five years ahead remained unchanged, suggesting consumers view price growth as broadly anchored despite recent volatility in energy and food costs.