Households’ inflation expectations stabilise in second fortnight of April
According to the findings of the Bank of Russia-commissioned second telephone survey carried out by InFOM on
As before, respondents believe that prices for non-perishable products (cereals, sugar, and pasta), and fruit and vegetables have increased the most. The growth of fruit and vegetable prices has slowed down, yet remained elevated over the second half of April.
The recent survey has revealed that Russians’ estimates of their financial standing deteriorated in the second fortnight of April. This was associated with a decline in incomes resulting from the anti-pandemic measures in place. Contrastingly, households became more optimistic about their financial standing in a month.