Recent changes in consumers’ medium-term inflation expectations – a detailed look

Dimitris Georgarakos, Geoff Kenny and Justus Meyer

Research Bulletin, 2023, vol. 104

Abstract: In this article we exploit the richness and flexible design of the CES to explore in detail recent changes in consumers’ medium-term inflation expectations. The data suggest that over the course of 2022 these expectations became less well anchored around the ECB’s 2% inflation target. By taking the necessary actions and actively communicating how monetary policy is contributing to stabilising future inflation, the ECB can help strengthen public trust and prevent recent price and cost shocks from having longer-lasting inflationary effects. JEL Classification: C83, D84, E31, E37, E52, E58

Keywords: Consumer Expectations Survey; Inflation expectations; Trust (search for similar items in EconPapers)
Date: 2023-02
Note: 483508
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