India, April 22 -- Eurozone inflation expectations increased in the second quarter on higher tariffs and planned defense spending, a survey conducted by the European Central Bank showed on Tuesday.
Inflation is expected to be 2.2 percent this year compared to 2.1 percent projected in the first quarter, the Survey of Professional Forecasters said.
Similarly, the projection for next year was raised to 2.0 percent from 1.9 percent. However, the outlook for 2027 was retained at 2.0 percent.
Expectations for core inflation were revised up slightly across all horizons. Core inflation is seen at 2.3 percent 2025 and 2.1 percent each in 2026 and 2027.
Survey respondents downwardly revised its growth projection for this year and next.
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