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highs, rising close to 8%, although households’ and businesses’ inflation
expectations were up as well. Inflation expectations were fuelled by persistently high price growth
rates
1022
16.07.2024
these conditions, interest rates in the economy soared, reflecting higher inflation risks. To bring inflation down to the target and return the economy to a
1023
09.07.2024
promotional deposits. This will improve the protection of low-income individuals’ savings from inflation. Furthermore, a social deposit can be topped up any time (to Р50,
1024
09.07.2024
Moreover, real interest rates hit new record highs, while households’ and businesses’ inflation expectations increased less notably.
The demand for loans stayed high, which is
1025
02.07.2024
Inflation expectations remain elevated, increasing the inertia of underlying inflation. Most measures of inflation expectations were up in May, including households’ inflation expectations, analysts’ inflation
Inflation expectations remain elevated, increasing the inertia of
underlying inflation. Most measures of inflation expectations were
up in May, including households’ inflation expectations, analysts’
inflation
into consideration when making
decisions on monetary policy to analyse and forecast inflation, identify the key
trends in economic development across Russia in general and
is due to growing inflation expectations in the US against the backdrop of large-scale
support measures (the Federal Reserve expects inflation to accelerate this year
economy remains uncertain given unexpected inflation data increasing
the risks that elevated inflation would turn out to be more persistent. Inflation in the USA sped
1030
26.06.2024
in the country.
Contrastingly, survey data on experts’ inflation expectations will not necessarily improve the accuracy of inflation forecasts: the analysis of Russian experts’ consensus