Eurozone median inflation expectations for the next 12 months fell for a second consecutive month to 3% in June 2026, the lowest since February, from 3.5% in May. Consumers expect the price of their home to increase by 3.4% over the next 12 months, compared with 3.6% in May. Expectations for mortgage interest rates went up to 5% from 4.9%. Meanwhile, expectations for inflation three years ahead also declined to 2.8% from 2.9% while expectations for inflation five years ahead remained unchanged at 2.4%. Uncertainty about inflation over the next 12 months decreased for the second consecutive month, but remained higher than the level prevailing before the start of the war in the Middle East. Elsewhere, expected nominal spending growth over the next 12 months decreased to 3.6% from 3.8% in May. Expectations for economic growth over the next 12 months increased to -1.4% from -1.7% and expectations for the unemployment rate 12 months ahead decreased to 11.2% from 11.3% in May.