Russians have less fear for the future

The survey commissioned by the Bank of Russia was conducted by inFOM LLC. The data show that inflation expectations of households reduced in October 2015 following the surge this summer and early autumn.

Confidence in the ruble has become slightly stronger: fewer Russians expect it to depreciate in the coming year; besides, the number of those inclining to save in rubles is growing.

More respondents believe the price growth to be insignificant next month and slower next year.

Besides, in October, citizens showed less concern about possible wage cuts in the near term.

On the whole, Russians expect more positive country’s economic development. Thus, fewer respondents believe household living standards and production level to decline or unemployment rate and corruption to advance next year. A bit more people consider the next 12 months to be good for the economy.

The only exception is an attitude towards price growth over the last month: slightly larger share of respondents believes prices to have grown considerably, especially for food, furniture, clothes and footwear. Meanwhile, in October, Russians noticed higher prices for sugar and salt, utilities and petrol less frequently.

Participating in survey were 2000 adults from 105 locations in the Russian regions.