Inflation expectations decrease in April
27 April 2024
News
According to InFOM’s survey, households’ estimates of inflation expected in a year edged down from 11.5% in March 2024 to 11.0% in April. Inflation expectations among respondents without savings declined, while those among respondents with savings remained nearly the same.
Households’ long-term inflation expectations for the next five years went down as well, namely to 9.8%. The consumer sentiment index dropped slightly but stayed elevated. Companies raised their price expectations.
More details are available in the new issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.
Preview photo: Alzay / Shutterstock / Fotodom