ECB Says Consumers’ Inflation Expectations Declined In May

Inflation expectations of euro-area consumers eased in May, the European Central Bank said.

Prices were seen increasing 2.8% over the next 12 months, down from 3.1% in April, according to a monthly survey released Tuesday. The gauge for three years fell to 2.4% from 2.5%, while for five years ahead it stayed at 2.1%.