Meteorologia

  • 29 NOVEMBER 2024
Tempo
17º
MIN 17º MÁX 21º

Euro zone consumers see lower inflation in March

Euro zone consumers perceived lower inflation in March for the sixth consecutive month, seeing it at 5% over the past 12 months, down from 5.5% in February, the ECB said on Thursday.

Euro zone consumers see lower inflation in March
Notícias ao Minuto

11:03 - 26/04/24 por Lusa

Economia Zona Euro

The ECB (European Central Bank) indicated that consumers also revised down their inflation expectations for the next 12 months, from 3.1% in February to 3% in March, the lowest forecast since December 2021, while for the next three years they kept it unchanged at 2.5%.

Eurozone inflation slowed by two tenths in March to 2.4%, while core inflation - which excludes energy and food for being more volatile - also fell by two tenths to 2.9%, according to data from the EU statistical office, Eurostat.

Consumers expect their income to grow by 1.3% in the next 12 months, one tenth of a percentage point less than in the previous month, while their perception of spending in the next 12 months fell to 3.6%, against 3.7% in February.

In March, respondents to the ECB survey predicted a 1.1% contraction in the economy next year, keeping the previous month's expectations unchanged, and revised the unemployment rate down by two tenths of a percentage point, to 10.7%.

In addition, they expected house prices to rise by 2.4% in the next 12 months, the same percentage as in February, although they revised down their expectations for interest rates by one tenth of a percentage point, to 5%.

Read Also: Household savings in the eurozone were 14.7% in the 4th quarter of 2023 (Portuguese version)

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