Inflation expectations among Eurozone consumers edged higher from 3.2% in December to 3.3% in January for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Friday.
Additional takeaways
“Median expectations for inflation over the next 12 months rose to 3.3% in January from 3.2% December, while expectations for three years ahead remained unchanged at 2.5%.”
“The survey showed that expectations for nominal income growth remained unchanged at 1.2%, but consumers persistently underestimate wage growth and the ECB expects compensation per employee to rise by 4.6% this year.”
Market reaction
At the press time, EUR/USD is holding steady near 1.0821, despite rising inflation expectations.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.01% | -0.01% | 0.10% | -0.04% | 0.13% | 0.13% | 0.13% | |
| EUR | 0.00% | 0.00% | 0.11% | -0.03% | 0.14% | 0.12% | 0.12% | |
| GBP | 0.02% | 0.03% | 0.13% | -0.02% | 0.17% | 0.14% | 0.13% | |
| CAD | -0.10% | -0.08% | -0.13% | -0.15% | 0.04% | 0.01% | 0.01% | |
| AUD | 0.04% | 0.06% | 0.01% | 0.14% | 0.18% | 0.17% | 0.13% | |
| JPY | -0.15% | -0.11% | -0.14% | -0.02% | -0.18% | -0.02% | -0.03% | |
| NZD | -0.13% | -0.11% | -0.13% | -0.01% | -0.15% | 0.03% | 0.01% | |
| CHF | -0.11% | -0.10% | -0.13% | -0.01% | -0.15% | 0.02% | 0.01% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/ecb-survey-consumers-see-inflation-higher-for-year-ahead-at-33-in-january-202402230912