-- The median rate of perceived inflation by euro area consumers for the year ahead increased month over month in March, according to a European Central Bank survey published Tuesday.
The latest monthly ECB Consumer Expectations Survey showed that median expectations for inflation in the next 12 months rose to 4% in March from 2.5% in February. The estimate for the next three years also increased to 3%, while the expectation for five years ahead ticked up to 2.4%.
Meanwhile, the uncertainty about inflation expectations for the next 12 months increased.
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.