ECB’s Consumer Expectations survey: Households became attentive when Iran conflict started
According to the latest European Central Bank’s (ECB) own Consumer Expectations survey (CES), consumers immediately increased their attention to price changes when the Iran conflict started, even though inflation was still around 2%, the central bank's target level, Reuters reports.
Remarks
This evidence suggests that consumers are experiencing the war in Iran with a potential 'double scar’.
These two scars may reinforce each other and are likely to shape consumer expectations and behaviour in the coming months, as conflicts and heightened macroeconomic uncertainty persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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