Euro zone consumers raise inflation expectations in headache for ECB

<p>Euro zone consumers raise inflation expectations in headache for ECB</p><p><a href="https://piqsuite.com/reuters/euro-zone-consumers-raise-inflation-expectations-in-headache-for-ecb" target="_blank" rel="nofollow">FULL STORY</a></p><p>The ECB's Consumer Expectation Survey, carried out in September and released on Wednesday, showed the median respondent thought inflation would be 4.0% in the next 12 months, up from 3.5% in August and climbing to the highest level since the spring.</p><p>The ECB also raised its inflation forecast for 2024 in September, mainly as a result of higher energy prices, as it raised interest rates to record highs. </p><p>It now expects prices to rise by 5.6% this year, 3.2% in 2024 and 2.1% in 2025.</p>

This article was written by Ryan Paisey at www.forexlive.com.