In July 2024, estimated inflation expected by households in one year rose to 12.4% from 11.9% a month earlier, according to InFOM’s survey. This increase was attributed to respondents without savings, while expectations of those with savings remained almost unchanged.
The consumer sentiment index edged down but stayed well above its level recorded a year ago. Companies’ price expectations remained virtually unchanged following their increase in the previous month.
More details are available in the new issue of the Bank of Russia’s commentary "Inflation Expectations and Consumer Sentiment."
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