Euro zone consumers nudge up inflation expectations, ECB poll shows - Yahoo Finance

FRANKFURT, Sept 18 (Reuters) - Euro zone consumers nudged up ‌their inflation expectations last ‌month, a European Central Bank survey ​showed on Friday, likely reflecting a new spike in fuel prices caused by ‌a deepening ⁠Iran conflict. The median respondent in the ECB's Consumer ⁠Expectations Survey saw prices growing by 3.0% over ​the following ​12 months, ​up from ‌2.9% in July. The expectation for inflation three years ahead increased to 2.9% from 2.7% and the five-years-ahead forecast rose ‌to 2.5% from ​2.4%. The ECB raised ​borrowing ​costs last week ‌for the second time ​this ​year and sources told Reuters policymakers expect further policy ​tightening ‌in the months ahead.