India, April 26 -- Euro area consumers' inflation expectations for the next 12 months hit their lowest since December 2021, results of a monthly survey by the European Central Bank showed Friday. Median expectations for inflation over the next 12 months eased to 3.0 percent from 3.1 percent in February, the ECB Consumer Expectations Survey for March showed.
The ECB has an inflation target of 2.0 percent.
Results are from an ECB survey of around 19,000 consumers aged 18 or over from 11 euro area countries. The perceived inflation over the previous 12 months decreased for the sixth consecutive month to 5.0 percent from 5.5 percent in February.
Euro area inflation slowed to 2.4 percent in March from 2.6 percent in February, official data sh...