Households’ inflation expectations continue to decrease in second half of May
According to the findings of the Bank of Russia-commissioned telephone survey of households carried out by InFOM on
The percentage of respondents who noticed no increase in prices for any products or services continued to grow. However, over one-half of respondents still complained about the persisting price growth. As before, respondents noted that prices for non-perishable products, fruit and vegetables, meat and milk products increased the most. This said, the frequency of mentioning these product groups significantly dropped.
According to the survey, increasingly more individuals complain about their deteriorating financial standing as the effects of the anti-coronavirus restrictions accumulate. Nonetheless, the estimates of financial standing in the near future continued to gradually trend upwards.