Euro zone consumers cut inflation expectations in June

Euro zone consumers cut their ​inflation expectations last ‌month, likely encouraged by a truce in ​the Middle East ​that had brought down ⁠energy prices but ​proved short lived, ​a European Central Bank poll showed.
The median respondent in ​the ECB's ​Consumer Expectations Survey saw inflation ‌over ⁠the following 12 months at 3.0% in June, down from ​3.5% ​in ⁠May.
Expectations for inflation three years ​ahead declined to ​2.8% ⁠from 2.9%. The view five years ⁠ahead ​was unchanged ​at 2.4%.

-Reuters