Inflation expectations decline in March
25 March 2024
News
In March 2024, estimated inflation expected by households in one year edged down to 11.5% from 11.9% a month earlier, as shown by InFOM’s survey. Inflation expectations decreased among respondents both with and without savings.
In contrast, households’ long-term inflation expectations for the next five years rose again — to 10.0%. The consumer sentiment index continued to grow. Companies’ price expectations decreased, while remaining elevated.
More information is available in the new issue of the Bank of Russia’s information and analytical commentary Inflation Expectations and Consumer Sentiment.
Preview photo: Tiko Aramyan / Shutterstock / Fotodom