[European Central Bank: Consumer Inflation Expectations Rise in August] Jin10 Data reported on September 18 that data shows inflation expectations among Eurozone households rose in August, indicating that the European Central Bank may have to further raise interest rates. The ECB's monthly survey released on Friday revealed that the consumer price index is expected to rise by 3% over the next year, up from 2.9% in July. Notably, the three-year consumer price index, which is more critical for monetary policy decisions, increased from 2.7% in July to 2.9%, while the five-year consumer price index also showed an uptick. The data indicates that investors have recently bet on the ECB further tightening monetary policy after its second deposit rate hike this month, confirming earlier expectations. Officials took this action to address the renewed surge in oil and gas prices caused by the Iran war, a conflict that began in February and shows no signs of ending.