ECB Survey Shows Rising Inflation Expectations for Year Ahead

ECB Survey Shows Rising Inflation Expectations for Year Ahead
The European Central Bank (ECB) logo in Frankfurt, Germany, on Jan. 23, 2020. Ralph Orlowski/Reuters
Reuters
Updated:

FRANKFURT—Eurozone consumer expectations for inflation in the year ahead rose in October but predictions for three years out held steady at a rate still well above the European Central Bank’s 2 percent target, the ECB said in a monthly survey on Wednesday.

Inflation soared this year on sky high energy and food prices, and the ECB has been raising rates at a record pace to temper at least longer-term expectations.