Eurozone consumers' inflation expectations for next year remained stable for the third consecutive month, according to the European Central Bank's (ECB) latest survey of consumer expectations released on Friday.

"Average inflation expectations for the next 12 months remained unchanged at 2,8% for the third consecutive month, after falling to the lowest level since September 2021 in May," the ECB reported.

However, average expectations for inflation three years ago saw a slight increase, rising 0.1 percentage point to 2.4% in July.

The perception of inflation over the last 12 months decreased to 4.1% in July. At the same time, the percentage of consumers who reported applying for credit in the last three months increased from 16.8% in April to 17.2% in July.

In terms of income and expenditure, expectations for nominal income growth fell to 1.1% in July, while expectations for nominal expenditure growth fell slightly to 3.2%. The perception of spending growth over the past 12 months increased to 5.4%.

The survey also highlighted that consumers continue to anticipate a slight increase in the unemployment rate. Expectations for the jobless rate a year ahead remained steady at 10.6% in July, compared with the current rate of 10.1%.

Finally, expectations for economic growth over the next 12 months decreased by 1% in July. Consumer expectations for house price increases over the next year remained unchanged from May, while expectations for mortgage interest rates over the next 12 months remained steady at 4.8%, according to the survey./AA