FX.co ★ Eurozone Inflation Expectations Steady Short-Term

In December 2025, the eurozone's median inflation expectations for the upcoming 12 months remained steady at 2.8%. Conversely, longer-term expectations showed a slight increase: three-year-ahead inflation expectations rose from 2.5% to 2.6%, while those looking five years ahead climbed from 2.2% to 2.4%. The level of uncertainty around inflation expectations for the next year also remained unchanged. Consistent with trends observed since 2023, respondents in the lowest income quintiles continued to report slightly higher inflation perceptions and short-term expectations compared to higher income groups. Despite this disparity, the overall trend in inflation perceptions and expectations remained broadly similar across different income levels. Younger participants, aged 18 to 34, consistently reported lower inflation perceptions and expectations than their older counterparts, aged 35 to 54 and 55 to 70.