Home Economy Inflation expectations of Russians fell to a minimum since March 2021

Inflation expectations of Russians fell to a minimum since March 2021

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Inflation expectations for the year ahead in July amounted to 10.8% (-1.6 p.p. versus June), the lowest level since March 2021. At the same time, the price expectations of enterprises returned to the level of the beginning of 2021 – the average expected price growth rate in the last three months was 4.4% (in annual terms). This is stated in the Bank of Russia commentary “Inflation expectations and consumer sentiment.” Long-term inflation expectations of Russians remained stable, observed inflation in July decreased to 22.2% (-1.5 percentage points compared to June), follows from the materials of the Central Bank. Price expectations of companies for three months in July continued to decline, which was affected by the strengthening of the ruble and the stabilization of prices for motor fuel. According to the forecast of the Bank of Russia, annual inflation will return to 4% in 2024, analysts expect the same. By the end of the week from July 9 to 15, deflation in Russia accelerated to 0.17% from 0.03%. Annual inflation dropped to 15.45–15.46%. This was reported by Rosstat. Read more in the publication “Kommersant FM” “Inflation has distributed … .

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