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Inflation expectations remain elevated in August

26 августа 2021 года
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Households’ inflation expectations edged down in August though remained close to multi-year highs. According to a survey by inFOM commissioned by the Bank of Russia, respondents estimate 12-month ahead inflation at 12.5%.

According to the Bank of Russia’s monitoring, companies’ short-term price expectations were virtually unchanged and remained elevated. Analysts’ inflation oultlook for 2021 increased to 5.6–6.0%. More information is available in the new issue of the Bank of Russia’s commentary Inflation Expectations and Consumer Sentiment.

Preview photo: Sebra / Shutterstock / Fotodom