Euro zone consumers raise inflation expectations in headache for ECB
© Reuters. FILE PHOTO: A view shows the logo of the European Central Bank outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo
Households' forecasts for inflation are by nature imprecise but they can influence wage demands, spending and saving -- three crucial factors for the setting of retail prices. The ECB also uses the survey as a gauge of whether households are keeping faith in its ability to bring inflation back to its 2% target over the medium term amid a global debate about whether such goals should be raised.
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