ECB Consumer Expectations Survey results show that, in March, the median rate of perceived inflation over the previous 12 months increased to 3.5%, from 3.0% in February. Median expectations for inflation over the next 12 months and expectations for inflation three years ahead, which both stood at 2.5% in February, increased in March to 4.0% and 3.0%, respectively.
Consumers’ nominal income growth expectations over the next 12 months remained unchanged in March compared with February, at 1.2%. Economic growth expectations for the next 12 months became more negative, decreasing to -2.1% in March, from -0.9% in February. Expectations for the unemployment rate 12 months ahead increased to 11.3% in March, from 10.8% in February.

Source: ECB
Post by: Republic of Türkiye Ministry of Trade