Median consumer inflation expectations in the Eurozone over the next year held at 2.8% in November 2025, while expectations three and five years ahead remained anchored at 2.5% and 2.2%, respectively. Uncertainty around near-term inflation also showed little change. Lower-income households continued to report slightly higher perceived inflation and short-term expectations than higher-income groups, a pattern seen since 2023, though trends across income levels remain broadly aligned. Younger consumers reported lower inflation expectations than older age groups. Beyond prices, households became more cautious about the outlook: expectations for spending growth declined and views on economic growth turned more negative. At the same time, expectations for unemployment eased slightly, while forecasts for house price growth and mortgage rates over the next year fell.
