In September 2025, households in Russia reported a decrease in their inflation expectations for the coming year, according to a survey conducted by InFOM. The expected inflation rate fell to 12.6%, down from 13.5% in August.
The survey found that this decline was observed among both respondents with savings and those without. Despite the reduction, overall household inflation expectations remain high.
Companies also reported a slight decrease in their price expectations. However, these expectations have not changed significantly over recent months and continue to be elevated. Meanwhile, the consumer sentiment index has increased.
Further information can be found in the latest issue of the Bank of Russia’s commentary “Inflation Expectations and Consumer Sentiment”.
