ECB foresees increase in inflation in the Eurozone

The European Central Bank indicated this Friday that Eurozone inflation expectations could maintain an upward trend in 2024

During the first month of the year, inflation in the Eurozone has increased by 0.1 %, so the European Central Bank expects the trend to continue in the coming months.

The ECB published this Friday in a press release: “Inflation expectations over the next 12 months increased to 3.3 % in January 2024 from 3.2% in December 2023, while three-year inflation remained unchanged at 2.5 %.”

According to the European regulatory body, nominal income growth expectations remained unchanged at 1.2 %. On the other hand, spending growth expectations for the remainder of 2024 “increased marginally to 3.7 % from 3.6 % in December.”

Regarding unemployment, 12-month expectations in the Eurozone fell to 10.9 %, from 11.2 % last December.

In relation to economic growth forecasts, the trend has been less negative, standing at -1.1 %, compared to -1.3 % in December.


Source: finanzasdigital

(Reference image source: Tabrez Syed at Unsplash)

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