ECB survey reports forecasters’ higher near-term euro-area inflation expectations
The fourth-quarter survey reports expert expectations, rather than realised economic outcomes or the ECB’s own policy-making views.
What the record says
The European Central Bank’s fourth-quarter Survey of Professional Forecasters, published October 30, reports average headline-inflation expectations of 3.0% for 2026, 2.6% for 2027 and 2.0% for 2028. Expectations for 2026 and 2027 were higher than in the previous survey.
Respondents expected real GDP growth of 1.0% in 2026 and 1.3% in both 2027 and 2028. The survey collected 52 responses between October 2 and 7.
The ECB says participants are experts affiliated with European financial and non-financial institutions. Their responses do not represent the views of the ECB’s decision-making bodies or staff.
Source details and supporting locations.
Practical next step
Read the release and survey report for horizons, uncertainty and methodology.
Limits and what is not established
These are survey expectations from early October, not confirmed outcomes, an investment recommendation or ECB staff projections.
Sources checked October 30, 2026. Later notices may change instructions or arrangements.
Original sources
European Central Bank: original information