ECB survey: Eurozone Consumer Inflation Expectations rise to 2.9% over next 12 months in March

The latest monthly Consumer Expectations Survey by the European Central Bank showed on Tuesday that Eurozone inflation is seen notably higher for the year ahead in March.

Key takeaways

• Inflation expectation over the next 12 months rose 0.3 percentage points in March to 2.9%; the highest level since April 2024
• Inflation expectations for three years ahead increased by 0.1 percentage points to 2.5%
• Economic growth expectations for the next 12 months were stable in March at -1.2%