Inflation expectations remain elevated in June
25 June 2021
News
Households’ inflation expectations rose and remained elevated in June. According to the Bank of Russia-commissioned survey carried out by InFOM, respondents estimate inflation at 11.9% in the next 12 months.
The Bank of Russia’s monitoring shows that companies also continued to raise their short-term price expectations. Analysts increased their inflation forecasts for 2021 as well: they ranged from 4.8% to 5.0%.
More details are available in the new issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.
Preview photo: Stokkete / Shutterstock / Fotodom