Euro zone consumers up 5-year inflation forecast to record high, ECB poll shows

Core Insights - Euro zone consumers have raised their longer-term inflation expectations to a record high in December, indicating a belief that prices will grow faster than the European Central Bank's (ECB) target for years to come [1] Group 1 - The European Central Bank conducted a poll showing that inflation expectations among consumers in the Euro zone have reached unprecedented levels [1] - This increase in inflation expectations suggests that consumers anticipate sustained price growth beyond the ECB's target rate [1] - The implications of these expectations could influence monetary policy decisions by the ECB in the future [1]