Inflation expectations increase
23 August 2023
News
According to the inFOM's survey, inflation expectations of households for the year ahead increased to 11.5% in August 2023, which corresponded to the level of 2023 Q1. Long-term inflation expectations of households for the next five years did not change.
The consumer sentiment index edged up, staying close to its five-year high. Price expectations of companies for the coming three months rose to the maximum level since May 2022.
Read more in the latest Bank of Russia's commentary Inflation Expectations and Consumer Sentiment.
Phote: LDprod / Shutterstock / Fotodom