In October, households’ inflation expectations returned to their five-year highs. According to a survey by inFOM commissioned by the Bank of Russia, respondents estimate 12-month ahead inflation at 13.6%. According to the Bank of Russia’s monitoring, companies’ short-term price expectations also increased but remained below the local high of May—June 2021. Analysts revised their inflation outlook for 2021 upwards to 6.4–7.0%.
More information is available in the latest issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.
This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, please see the Source Link.