Inflation expectations rise in April
26 April 2021
News
Households’ inflation expectations significantly increased in April having reached the highest level since February 2017.
According to a survey by inFOM commissioned by the Bank of Russia respondents estimate inflation at 11.9% in the next 12 months. Businesses’ short-term price expectations also continued to rise rapidly in April. Analysts’ inflation forecasts for 2021 and 2022 increased by stayed close to 4%.
More information is available in the new issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.
Preview photo: Adisa / Shutterstock / Fotodom