Eurozone inflation expectations rise again
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Median expectations for inflation over the next 12 months in the Euro Area increased for a second month to 2.6% in November 2024 from 2.5% in October.
Income growth expectations Elsewhere, income growth expectations over the next 12 months remained unchanged at 1.1% and expected spending growth increased further to 3.5%, the highest level since April 2024. Economic growth expectations for the next 12 months became more negative, to stand at -1.3%, compared with -1.1% in October. Expectations for the unemployment rate 12 months ahead increased to 10.6%, from 10.4% in October.
Eurozone inflation expectations rise again
Median expectations for inflation three years ahead also increased to 2.4%, a level last recorded in July 2024, from 2.1% in October which was the lowest level since February 2022. Meanwhile, uncertainty about inflation expectations over the next 12 months remained unchanged at its lowest level since February 2022.Income growth expectations Elsewhere, income growth expectations over the next 12 months remained unchanged at 1.1% and expected spending growth increased further to 3.5%, the highest level since April 2024. Economic growth expectations for the next 12 months became more negative, to stand at -1.3%, compared with -1.1% in October. Expectations for the unemployment rate 12 months ahead increased to 10.6%, from 10.4% in October.