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321
15.07.2021
Inflation speeds up in most Russian regions in June
15 July 2021
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Annual inflation accelerated in June, driven by an
1: Inflation Expectations and Their Role in Inflation Dynamics
Chair: Alberto Fuertes, Banco de Espaa
Computing longterm market inflation expectations for countries without
inflation expectation
pp). Inflation expectations rose only among
Expected inflation respondents without savings. Contrastingly,
Observed inflation
Annual inflation
respondents with savings continued to lower
their inflation expectations
324
25.06.2021
Inflation expectations remain elevated in June
25 June 2021
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Households’ inflation expectations rose and remained elevated in June. According to
inflation was 6.04%; median annual price growth
10–90 percentiles 25-75 percentiles
Median Core inflation was 4.94%. Estimated underlying inflation rose
Underlying inflation
326
16.06.2021
saturated. However, overall inflation and food inflation rates in the North Caucasus are still the highest in Russia.
For details on inflation in Russian regions,
on April). Inflation expectations
Expected inflation of respondents both with and without savings
Observed inflation
declined in May (Chart 2). However, only
Annual inflation
respondents
328
28.05.2021
Inflation expectations remain elevated in May
28 May 2021
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In May, households’ inflation expectations declined, though remaining at high levels
sustainable price
Median Core inflation
Underlying inflation Inflation dynamics continued to rise. Annual core
Sources: Rosstat, Bank of Russia calculations.
inflation was 5.47%; median
330
14.05.2021
Annual inflation slows down to 5.53% in April
14 May 2021
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The annual growth of consumer prices decreased as