Inflation expectations rise again in July
29 July 2024
News
In July 2024, estimated inflation expected by households in one year went up to 12.4% from 11.9% a month earlier, as shown by InFOM’s survey. This increase was accounted for by respondents without savings, while expectations of those with savings remained almost unchanged.
The consumer sentiment index edged down, but stayed well above its level recorded a year ago. Companies’ price expectations remained virtually unchanged following their increase in the previous month.
More details are available in the new issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.
Preview photo: HiddenMax / Shutterstock / Fotodom