Euro zone consumers cut inflation expectations in June

FRANKFURT, July 24 (Reuters) – Euro zone consumers cut their ​inflation expectations ‌last month, likely encouraged by a truce in the ‌Middle ​East that ⁠had brought ⁠down energy prices but proved short lived, a European ​Central Bank poll showed.

The median ⁠respondent ⁠in the ECB’s ​Consumer Expectations Survey ​saw inflation over the ‌following 12 months at 3.0% in June, ⁠down from 3.5% in May.

Expectations for inflation three ⁠years ‌ahead declined ⁠to 2.8% ​from ‌2.9%. The view ​five years ⁠ahead was unchanged at 2.4%.

(Reporting by Francesco Canepa; Editing by Toby ​Chopra)