Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessECB Says Consumer Inflation Expectations Ease But Stay ElevatedEuro-area consumers’ expectations for inflation in three years fell slightly in April, offering some relief to the European Central Bank, though policymakers are still likely to raise interest rates next week.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.u0sy4k4v(f(58j{01[op9hwu_media_dl_1.png ECB, Bloomberg(Bloomberg) — Euro-area consumers’ expectations for inflation in three years fell slightly in April, offering some relief to the European Central Bank, though policymakers are still likely to raise interest rates next week.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorPrices were seen rising 2.9% over the period — down from 3% in March, a monthly survey by the ECB showed Monday. That’s still a bit below the 3.1% peak reached at the height of the last price spike in October 2022.Expectations for the next 12 months remained unchanged at 4%, while the outlook for five years held at 2.4%, above the ECB’s 2% medium-term inflation target.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe data come after Executive Board member Isabel Schnabel warned Monday that the risk of inflation expectations becoming de-anchored is rising, meaning the ECB can’t ignore the energy-led surge in prices triggered by the Iran conflict.Last week, the German official called the rise in March’s survey numbers for the medium term and the rightward shift in the distribution “worrisome.” The latter is widely seen as an early sign that expectations could shift away from the 2% target.Officials want to stop the jolts in energy markets spilling over into consumer prices more broadly. Data on Tuesday are likely to show another uptick in euro-zone inflation, with analysts estimating a reading of 3.2%.Some policymakers also worry about the war’s impact on economic activity, with the ECB’s poll showing increased pessimism. Respondents saw gross domestic product over the next 12 months contracting by 2.2%, compared with -2.1% in March. Expectations for the unemployment rate one year ahead decreased to 11.2% from 11.3%.—With assistance from Joel Rinneby, Harumi Ichikura and Barbara Sladkowska.(Adds chart.) Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.