They expect an average price increase of 3.5 percent over the next twelve months, up from 2.9 percent in the previous survey.
The costs of input goods are estimated to increase by 5.8 percent during the period, up from 3.6 percent.
According to the ECB, the survey shows a clear turning point where companies surveyed before February 28 - before the U.S. and Israel launched the bombing war against Iran - had lower expectations regarding selling prices and purchase prices than those surveyed after the attack.
The survey was conducted February 19–April 1 and is published ahead of the ECB's interest rate announcement on Thursday.
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