Eurozone consumers see inflation expectations fall

A monthly survey issued by the European Central Bank showed that short-term inflation expectations among consumers in the Eurozone decreased in May. Expectations for price increases over the next year fell to 3.5% from 4% in April, while the three- and five-year outlooks remained at 2.9% and 2.4% respectively. This came ahead of agreements to end hostilities in the Middle East, which led to stable oil prices and lower expectations for a more aggressive monetary policy.

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