Median expectations for price growth in the Euro Area over the next 12 months in September 2026 edged up to 3.1%, the highest level in four months, from 3% in August. Consumers also anticipate that the price of their home will rise by 3.5% over the next 12 months, slightly above the 3.4% expected in August. Expectations for mortgage interest rates 12 months ahead were unchanged at 4.9%.
At the same time, median expectations for inflation three years ahead and five years ahead remained stable at 2.9% and 2.5%, respectively. Elsewhere, expectations for nominal income growth over the next 12 months rose to 1.1% from 1.0%, while expectations for economic growth over the same horizon fell to -1.5% from -1.2% in August. Expectations for the unemployment rate 12 months ahead increased to 11.3% from 11.0%.
