Consumers expect Eurozone to contract in next year - ECB

Consumers expect prices to rise by 3.1 per cent in the next year - down from 3.3 per cent

ECB’s poll showed little optimism among consumers on the economy. Picture: Getty

Inflation expectations of consumers in the euro area fell in February, according to the European Central Bank — reinforcing hopes that price growth will decrease further in the coming months.

Prices are seen rising 3.1 per cent over the next 12 months — down from 3.3 per cent in January, the ECB said Tuesday. That’s the lowest level since the start of the war in Ukraine in February 2022, it said.

For three years ahead ...