According to InFOM’s survey, one-year inflation expectations of households edged up to 11.9% in June 2024 from 11.7% in the previous month. The increase was driven by growing expectations among surveyed respondents with savings. Expectations of respondents without savings edged down but were still around the level of autumn 2023.
Five-year inflation expectations of households went up as well to 10.7%. The consumer sentiment index declined but still exceeded the values of 2023. Price expectations of businesses increased.
More details are available in the new issue of the Bank of Russia’s commentary "Inflation Expectations and Consumer Sentiment."