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Inflation expectations remain elevated in November

25 November 2021
News

Households’ inflation expectations somewhat declined in November but stayed close to their multi-year highs. According to a survey by inFOM commissioned by the Bank of Russia, households estimate 12-month ahead inflation at 13.5%.

According to the Bank of Russia’s monitoring, companies’ short-term price expectations also decreased although remained high. Analysts revised their inflation outlook for 2021 upwards to 7.7–7.8%.

More information is available in the latest issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.

Preview photo: Zerbor / Shutterstock / Fotodom
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