ECB Consumer Expectations Survey results – August 2026

In August 2026, the European Central Bank's Consumer Expectations Survey revealed that the median rate of perceived inflation over the past year remained steady at 3.5%. However, expectations for inflation over the next year rose slightly to 3.0%, up from 2.9% in July. Projections for inflation three and five years ahead also increased, reaching 2.9% and 2.5% respectively, up from 2.7% and 2.4% in July.

The survey also indicated that younger respondents aged 18-34 had lower inflation expectations compared to older age groups. Similarly, those in the lower income quintile still reported higher inflation perceptions and expectations than those in the top quintile.

Despite the rise in inflation expectations, the net percentage of households expecting tighter credit conditions decreased compared to July. Additionally, the net percentage of households anticipating an easing of credit access also fell. The release of the Consumer Expectations Survey results for September is scheduled for October 23, 2026.