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Eurozone Consumer Inflation Expectations Unchanged at 4% in April

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The median rate of perceived inflation by euro area consumers for the year ahead was stable month over month in April, according to a European Central Bank survey published Monday.

The latest monthly ECB Consumer Expectations Survey showed that median expectations for inflation in the next 12 months remained at 4%. The estimate for the next three years fell to 2.9% from 3%, while the expectation for five years ahead held steady at 2.4%.

Meanwhile, the uncertainty about inflation expectations for the next 12 months was still at an elevated level.

The ECB continued to see lower inflation expectations among younger survey respondents aged between 18 and 34 years, compared with those aged 35 to 54 and 55 to 70.

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