REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsFRANKFURT, Oct 11 (Reuters) - Euro zone households see inflation staying slightly above the European Central Bank's 2% target for another three years, an ECB survey showed, as rate-setters struggle to convince the public that their plans for taming price pressures are on track.
While consumer expectations for inflation are by nature imprecise, they can influence wage demands, spending and saving.
Consumers' views about inflation in the coming 12 months showed a slight increase to 3.5%, from 3.4% in July.
The ECB has said that long-term inflation expectations from economists, investors and consumers are "at around 2%", but cautioned that some projections have risen and should be monitored.
But they turned more optimistic about their income - seen growing by 1.2% from 1.1% - and raised their predictions for home price inflation, to 2.3% from 2.1%, for the first time since March.
Persons:
Sarah Meyssonnier, Francesco Canepa, Alison Williams, John Stonestreet
Organizations:
Carrefour, REUTERS, Rights, Central, ECB, Thomson
Locations:
Montesson, Paris, France