ECB survey shows inflation expectations for the year ahead seen nudging up a little

  • The latest findings from the ECB's Consumer Expectations Survey (CES) for October 2025
euro currency
  • Inflation perceptions over the previous 12 months seen at 3.1% (unchanged)
  • Inflation expectations 12 months ahead seen at 2.8% (previously 2.7%)

The qualitative measure continues to show an increase in the percentage of number of respondents expecting inflation to be higher in the next 12 months, now seen at 85.6% (previously 85.2%). As for the 2.8% median noted above and in the chart below, that's the same as per August and the highest since May.

CES102025

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