A new poll shows that Europeans are less concerned about energy prices than they were a few months ago. However, inflation fears remain high.
The poll, conducted by the European Commission, found that 27% of respondents are now most concerned about inflation, up from 25% in December 2022. Energy prices, on the other hand, have fallen from a third to sixth place in the list of top concerns.
There are a few reasons why Europeans may be less concerned about energy prices. First, energy prices have come down in recent months. Second, governments have taken steps to help consumers cope with rising energy costs. Third, the war in Ukraine has focused attention on other issues, such as the security of the European energy supply.
Despite the decline in concern about energy prices, inflation remains a major worry for Europeans. Inflation is currently running at a record high in the eurozone, and there are concerns that it could get even worse.
There are a number of factors that could drive inflation higher in the coming months. These include the war in Ukraine, which is disrupting global energy and food markets. The war is also leading to higher energy and food prices in Europe.
Another factor that could drive inflation higher is the withdrawal of monetary stimulus by central banks. Central banks are raising interest rates in an effort to cool inflation, but this could also lead to higher borrowing costs for businesses and consumers.
The combination of rising energy prices and higher interest rates could make it difficult for businesses to invest and grow. This could lead to a slowdown in economic growth, which could further dampen inflation.
Overall, the new poll shows that Europeans are less concerned about energy prices than they were a few months ago. However, inflation fears remain high. The war in Ukraine and the withdrawal of monetary stimulus by central banks could both contribute to higher inflation in the coming months. This could make it difficult for businesses to invest and grow, which could further dampen inflation.
Here are some additional details from the poll:
- The poll was conducted between March 15 and 20, 2023, and surveyed 27,488 people in the 27 member states of the European Union.
- The poll found that the top three concerns for Europeans are inflation (27%), the international situation (25%), and immigration (24%).
- The poll also found that 63% of Europeans believe that the war in Ukraine will have a negative impact on their country’s economy.
- The poll was conducted by the European Commission’s Directorate-General for Communication.
- What does this mean for the future?
It is too early to say what the long-term impact of the poll will be. However, it is clear that Europeans are worried about the rising cost of living and the impact of the war in Ukraine on their economy. It is possible that these concerns could lead to changes in government policy or consumer behavior.
Only time will tell what the ultimate impact of the poll will be. However, it is clear that Europeans are concerned about the future of their economy and their standard of living.
