In April 2026, median inflation expectations in the Eurozone for the next 12 months held steady at 4%, unchanged from March and remaining at their highest level since 2023. Consumers continued to anticipate a 3.7% increase in the value of their homes over the coming year, the same as in March, while expectations for mortgage interest rates also showed no change.
Looking further ahead, inflation expectations for three years out edged down to 2.9% from 3.0%, while the five‑year inflation outlook remained stable at 2.4%. At the same time, expectations for economic growth over the next 12 months turned slightly more pessimistic, with the median forecast slipping to -2.2% from -2.1%.
In contrast, expectations for the unemployment rate 12 months ahead improved marginally, declining to 11.2% from 11.3% in March. Consumers also revised down their nominal income growth expectations for the next year, to 0.8% in April from 1.2% in March.
