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.
See PDF here: https://www.cbr.ru/Collection/Collection/File/38999/Infl_exp_21-10.pdf
This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, please see the Source Link.
