ECB survey reveals inflation expectations for the 12 months forward seen nudging up a bit of

• 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.

This article was written by Justin Low at investinglive.com.