ECB Survey: Consumers see inflation higher for next 12 months at 3.5% in August

According to the European Central Bank’s (ECB) monthly Consumer Expectation Survey, inflation expectations among Eurozone consumers increased slightly in August in July to 3.5% for the next 12 months.

Meanwhile, Eurozone consumers saw inflation 3 years ahead at 2.5% in August vs. 2.4% in July, the ECB survey showed.

Market reaction

At the press time, EUR/USD is back above 1.0600, adding 0.08% on the day.