Prices were seen rising 2.6% over the next 12 months, up from 2.5% in October, according to its monthly survey of households released in Frankfurt on Tuesday. The gauge for three years ahead also climbed, reaching 2.4% — notably higher than the ECB’s 2% goal.

Germany preliminary estimates showed inflation expected to increase to 2.20% in November from 2% in October of 2024. The Consumer Price Index decreased 0.20% in November of 2024 over the previous month.

FRANKFURT (Reuters) -Euro zone households increased their inflation expectations in November, a European Central Bank poll showed on Tuesday, suggesting years of high inflation were still weighing on households' psychology.