Inflation expectations decrease in February
21 February 2024
News
According to InFOM’s survey, households’ estimates of inflation expected in a year edged down from 12.7% in January 2024 to 11.9% in February. Inflation expectations decreased among respondents both with and without savings.
Households’ long-term inflation expectations for the next five years went down as well, namely to 9.3%. The consumer sentiment index continued to grow. Companies lowered their price expectations to the 2023 average.
More details are available in the new issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.
Preview photo: Natee Meepian / Shutterstock / Fotodom